EBRD Approves EUR 1.5 mln Loan to Komercijalna Banka

World

The European Bank for Reconstruction and Development said on Thursday it has approved a senior unsecured loan of up to EUR 1.5 million to North Macedonia's Komercijalna Banka Skopje for residential green investments.

The loan is intended to back investments in high-performance green technologies, materials, and solutions undertaken in privately owned residential dwellings or buildings or projects in the public sector, the EBRD said in a project summary document.

The loan will be provided in one tranche under the Western Balkans Green Economy Financing Facility (GEFF) III.

GEFF is a EUR 135 million program co-financed by the EU, the Austrian Federal Ministry of Finance, and bilateral donors to the Western Balkans Investment Framework (WBIF).

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