The successful cooperation between the Green for Growth Fund, South East Europe (GGF) and Halkbank AD Skopje (Halkbank) has led to a second senior loan facility in the amount of EUR 10.0 million. The credit facility provided by the GGF enables Halkbank  – via its Eco-loan products – to increase the scope and volume of its financing business for energy efficiency (EE) measures, such as the replacement of energy-inefficient heat supply systems and the upgrade exterior wall and roof insulation, heating and lightening systems, and appliances. EE loan products directed at business clients also include the replacement and/or upgrade of energy-inefficient production equipment and process-related equipment. The GGF loan will facilitate access to credit in rural areas for replacing obsolete farming equipment as well.

Halkbank, a green finance pioneer in the Macedonian market, began its EE lending activities in 2010 after obtaining its first loan from the GGF. With the support of the GGF Technical Assistance Facility, Halkbank developed specific retail and business EE loan products (Eco loans) and executed a sustainable sales and marketing strategy for EE lending. As a result Halkbank has built a very strong business in line with the GGF’s green development finance objectives, fully utilizing the first GGF loan.



The loan is intended for lending to private and public companies (legal entities) with positive financial results in the current operations.


Financing of projects in the area of energy efficiency, thereby helping the enterprises in Macedonia to reduce energy consumption and expenses for energy and to reduce emissions of carbon dioxide (CO2).

Loan amount: 

  • Up to 500.000,00 EUR for sub loans for small and medium sized enterprises ("SME"), large business, municipalities or public sector entities for standardized Measures and  non-standardized measures;
  • From 500.000,00 EUR to 10.000.000,00 EUR for Small and medium sized enterprises ("SME"), large business, municipalities or public sector entities.


  • Not later than 30.11.2024 with included grace period of 6 months.

Grace period:

  • Up to six months.

Interest rate: 

  • 5,3 % per year fixed, for short term loan
  • 5,3 % + 6m EURIBOR, for long term loan
Method of payment:
  •  Monthly installments.

Method of payment:

  • On the account of the borrower, with a counter order for transfer of funds to the account of the supplier.

Processing Fee: 

  • 1% of the loan amount, once, in advance.


A combination of the following instruments:

  • Mortgage  on real estate,
  • Pledge on movables and rights,
  • Guarantors;
  • Entities as a guarantors;
  • Other collateral acceptable to the Bank.

Savings targets:   Minimum 20% primary energy and/or CO₂ savings average across the Borrower’s aggregated Sub-Loan portfolio with the additional requirement that no individual project financed achieves less than 15% primary energy and/or CO₂ savings.  For expansion of existing processes with new equipment, savings may be achieved per unit of production or through a reduction in use of fuel. 

For further information contact us or visit your nearest branch.

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