NLB Tutunska banka, A.D. Skopje, Senior Loan Investment

completed

NLB Tutunska banka A.D. Skopje, (the “Bank”) is a joint stock commercial bank in the Republic of Macedonia and currently the third largest Bank by assets in the country. The Bank is a majority owned subsidiary of Nova Ljubljanska banka d.d., Ljubljana, Slovenia (“NLB”), which directly holds 60.26% and through its wholly-owned subsidiary NLB InterFinanz AG, Zürich holds another 26.72%. The remainder of the shares is held by other investors. The Project consists of an investment in a senior loan of up to EUR30 million to the Bank for up to 5 years and is one element of an umbrella facility which IFC will provide to NLB. This umbrella facility represents IFC’s commitment to support its existing relationship with NLB Group, an emerging bank with banking and leasing operations in regional markets key to IFC, as well as IFC’s commitment to support SME financing in the Republic of Macedonia.