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Credit-guarantee scheme from the Grant Fund
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Private Sector Liquidity Fund (PSLF) is a fund owned by RNM and was established to implement the measure to support companies that reinvest profits for 2021 by subsidizing contractual interest on loans taken from liquidity banks.
The fund is administered by the Development Bank of Northern Macedonia AD Skopje. For this purpose from the Government of RNM in PSLF are allocated funds in the amount of MKD 120,000,000. The funds from the Fund can be used based on the principle of first come, first served.
Development Bank will fulfill the obligation under the debt accession agreement for payment of the contractual interest by the 5th of the month. The bank is obliged to inform the borrower about the concluded agreement for accession to debt and about the obligation undertaken by DBNM to pay the interest. The borrower is released from paying contractual interest when DBNM fulfills the undertaken obligation in accordance with the debt accession agreement.
In case the loan for which the Development Bank entered into a debt is repaid early by the borrower or if it becomes a non-performing claim, the Bank should inform DBNM within 5 days in order to exclude that loan from the approved Specification for interest subsidy. for the next period. If DBNM has already transferred interest subsidy funds, the Bank is obliged to return the paid funds. A qualified borrower can use a loan interest subsidy on only one bank and one loan.
The maximum interest cost that can be subsidized to one loan applicant is MKD 1,200,000
| Target group/users |
Trade Companies (TC) which according to the Law on Trade Companies (LTC) are payers of advance tax on profit for 2021, which regularly service the liabilities to the state and which have decided to reinvest the profit for 2021.
• The loan must not be intended for state-owned TCs or TCs in which RNM is a partner or shareholder with at least 51% of the share capital |
| Amount |
• min МКD 300,000 denars • maximum МКD 30,000,000. The loan amount must not exceed 20% of the amount of profit for 2021 that is reinvested. |
| Currency | МКD |
| Interest rate | 4% fixed interest rate |
| Repayment period | Up to 12 months |
| Method of payment |
The loan has a precisely determined repayment dynamics in accordance with the amortization plan • Annuity or bulletin (with expiration date) |
| commission / costs |
• 1.5% one-time payment commission • Bill of exchange costs • Notary costs (solemnization of the contract, notarized bill of exchange, establishment of a mortgage) • Collateral assessment costs |
| Required documents |
• Final account for the last 2 years with accompanying cards (120, 121, 220, 221, 282 and locked sheet with last registration date in 2020) • Confirmation from the PRO not older than 31.01.2022 that the borrower regularly services the liabilities to the state • Decision by the borrower to reinvest the profit from 2021 • Document as proof that the borrower is liable for advance payment of profit tax for 2021 (form DB-tax balance for profit taxation form) • Request - specification (specified form) • Current situation for the borrower not older than 6 months • Current status for the real owner of the borrower not older than 6 months • Statement from the borrower that he has not submitted an application for a loan with subsidized interest in another bank • Statement for related parties (legal entity and individuals • Loan agreement concluded between the bank and the borrower • Amortization plan for the dynamics of the borrower's liabilities Debt accession agreement signed by the bank (upon approval of the Request - Specification from DBNM) |
| Security |
• Bill of exchange - solemnization of a contract or notarized bill of exchange • Mortgage |
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