Sparkasse bank Macedonia - 2nd mortgage

repaying

A senior loan of up to EUR 3 million to Sparkasse Bank Macedonia ('SBM') for on-lending to eligible private individuals for housing purposes. The proceeds of the loan will be used by SBM to provide long-term financing for residential mortgage lending in North Macedonia. This project will support SBM's competitiveness by providing much-needed long term funding to support the growth of the retail portfolio. Mortgage lending is the backbone of SBM's retail growth plans. The adherence to Minimum Standards and improvement of the maturity structure will contribute to the Competitive and Resilient qualities. SPARKASSE BANK MACEDONIJA AD Sparkasse Bank Makedonija ("SBM") is a universal commercial bank, that is the 7th largest bank in Macedonia with a 4% market share by total assets. SBM is fully owned by Steiermarkische Bank und Sparkassen AG, Austria ("STSP"). STSP has just acquired 2nd bank on the Macedonian market - Ohridska Banka (OB) from Soc Gen. (5th largest, with around 8% market share). SBM and OB will be merged in 2021, after which the new bank will be the 4th largest on the market with 12-13% market share. EUR 3,000,000.00 EUR 3 million available in one tranche. EUR 3,000,000 Categorised FI (2014 ESP). SBM is an existing client and has provided satisfactory Annual E&S Reports to Bank to date. SBM will be required to continue to comply with the EBRD's Performance Requirements (PRs) 2, 4 and 9, apply the EBRD E&S Risk Management Procedures for Mortgage Lending and submit Annual E&S Reports to the Bank. No TC is foreseen with this project. Viktorija Jovanovska viktorija.jovanovska@sparkasse.mk +389 75 495 018 + 389 2 3200 515 https://sparkasse.mk Makedonija Street 9-11, 1000 Skopje