Skopje, 29.01.2022
During the period of recovery of domestic economy from the health crisis in 2021, the Development Bank of North Macedonia JSC Skopje (DBNM), as the only fully state-owned development bank, has achieved positive results, by putting all its financial and operational capacity in function of justifying the basic purpose of its establishment - support of the Macedonian economy development in accordance with the state strategic policies, goals and priorities.
Compared to the previous year, the Bank's total assets in 2021 has increased by 21% and amounted to Denar 16.1 billion, with appropriate growth of the loan portfolio by 19%, the loan insurance portfolio by 38% and the factoring portfolio by 11%.
This year, the Bank's activities were aimed at introducing new products such as customs guarantees and the credit-guarantee scheme, realized through the Guarantee Fund, in the name and at the expense of the state. The first two tranches of the EIB 6 credit line in the amount of EUR 59.1 million have been withdrawn and extended on extremely favorable terms for the economy. The third interest-free credit line with a grant component - "Covid 3", funded by the EU through EU4Resilience IPA II Programme and the Government of the Republic of North Macedonia, has been fully realized in the amount of EUR 31 million.
The Bank has achieved a positive net financial result at Denar 39.6 million, which is a 25% increase compared to the achieved result in 2020. According to the Law, the realized profit has been distributed in the Bank's reserves, which strengthens the potential for further support of the real sector in the country.