EFSE boosts Halkbank partnership with loans totalling EUR 15 MLN December 23, 2016

HALKBANKAThe European Fund for Southeast Europe (EFSE) has lent EUR 15 million to Halkbank AD Skopje to support Macedonia’s private housing sector and micro and small enterprises (MSEs).

The senior loans – EUR 10 million for housing and EUR 5 million for businesses – increase Halkbank’s ability to finance housing and home improvements for retail borrowers and provide long-term loans to MSEs. Halkbank and the EFSE have been partners since 2006, and the fund has continued to offer financing for on-lending to low-income households and MSEs in Macedonia while supporting Halkbank’s strategic orientation towards these market segments.

EFSE Board Chairman Christoph Tiskens said: “These loans are the latest in a long line of investments that underscore the EFSE’s strong partnership with Halkbank. We have been working together for a decade, and the dedication of both partners to private households and small enterprises continues unabated.”

“This loans are in line with the mission of Halkbank to provide banking services that will support long-term and sustainable development of the private sector with home improvement projects customized for the Macedonian’s retail market. Cooperation with EFSE had a significant and strong impact particularly on developing our micro and small business customers and support the retail sector in Macedonia. With these loans the bank continues mission to promote economic development and prosperity of the citizens in the region”, said Turhan Ademi, Acting Chief Executive Director of Halkbank AD Skopje.

Category: Member News