SCF-COVID1

Credit line for reducing the impact of COVID-19 on the economy

Purpose of the credit line:
Providing financial support to legal entities aiming at reducing the consequences of Coronavirus COVID-19.

Loan Conditions:
• Repayment period: up to 2 years with 6 months grace period included
• Purpose: working capital and liquidity 
• Method of repayment: quarterly
• Interest rate: 0% annually
• Amount: The maximum credit amount which will be approved to the borrower may not exceed MKD 1,845,000, and the minimum credit amount may not be less than MKD 184,000, thereby
     1. the approved credit amount to companies with up to 10 employees may not exceed MKD 307,500;
     2. the approved credit amount to companies with 11 to 50 employees may not exceed MKD 922,500;
     3. the approved credit amount to companies with 51 to 250 employees may not exceed MKD 1.845,000

NOTE: The information on number of employees is taken from the Income Statement for the last fiscal year. In case such data does not exist, the applicant should submit a statement under full moral, material and criminal responsibility for the number of employees as at 31.12.2019.

Who can apply:
Eligible borrowers will be companies which are active in the class of activities from the List of classification of activities subject to financing from NCA (pursuant to the predominant activity of the company-Attachment 1) and fulfill the following criteria:
1. to be registered in the Republic of North Macedonia;
2. at least 51% are in private ownership;
3. do not have unpaid taxes and benefits unless they have been granted deferred payment of taxes and benefits in
    accordance with special regulations and regularly pay them;
4. no bankruptcy or liquidation proceedings are instituted against them;
5. have been operating for more than 6 months and have submitted an annual account to the Central Register;
6. according to the financial statements for the last fiscal year, there is principal and reserves (stated in the balance
    sheet) not less than 50% of the loan amount applied for;
7. according to the NBRMS Credit Registry data, as of January 31, 2020 are classified as better or equal to B
    (average risk calculation is performed) or have no credit exposure;
8. the indicator of the company level of financial indebtedness should be less than 4 and is calculated as a ratio
    between total liabilities from loans / principal and reserves.
    The indicator is calculated on a balance sheet basis from the last fiscal year;

NOTE: The criteria referred to in paragraph 1, indents 8 and 9 above shall not apply to a sole proprietor.

Where to submit the loan application and other documents:
The application can only be sent electronically, directly to the DBNM at the email address: This email address is being protected from spambots. You need JavaScript enabled to view it..

Required Documents:

1. Loan Application (DBNM Form),
2. Application for registration of a client-legal entity (DBNM Form),
3. Company information from the Central Registry of the Republic of North Macedonia,
4. Annual statement (as of 31.12.2019),
5. Proof from the Public Revenue Office that there are no due and unpaid taxes and benefits to the country,
6. Proof from the Central Registry of RNM that there are no bankruptcy and liquidation proceedings instituted against them ,
7. ZP Form,
8. Statement for connected persons/entities (DBNM Form),
9. Statement on existence of the capacity holder of public functions (DBNM Form),
10. Statement for verification of credit exposure (DBNM Form).

Annex 1
List of activities from NCA which are eligible to apply

Lending Division contact phone:

02/3115-844, extension: 209, 105, 224, 123, 255, 225,115