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27.4.2015 – PRESS RELEASE - Municipal Infrastructure Development Fund to boost municipal infrastructure in Macedonia

The Fund signs its first Risk Participating Agreement in the Western Balkans


The Municipal Infrastructure Development Fund (MIDF) and Komercijalna Banka AD Skopje are supporting the development of sustainable infrastructure in Macedonia with loans in an amount of €10 million available to municipalities, utility and private companies, providing municipal services.


The proceeds of the loan will be used to finance the building of new and modernisation of essential municipal infrastructure in smaller municipalities which traditionally have limited capacity to prepare sustainable infrastructure projects and are facing difficulties accessing commercial bank funding.


The MIDF is a pioneering €100 million investment fund, launched by the EBRD and KfW with a generous contribution from the governments of Germany and Switzerland and Austria, aimed at stimulating the growth of the municipal lending market and achieve long term sustainability in municipal services in the Western Balkans.


In addition, technical assistance funding is provided by the governments of Austria and Switzerland to support project preparation and implementation and capacity building of the municipal borrowers.


Komercijalna Banka AD Skopje is the largest commercial bank in Macedonia with a broad national branch network and wide range of customer services. 


“We are proud to announce today this great opportunity for the development of the municipal infrastructure. At MIDF we believe that there is a strong demand for the development of local infrastructure while the financial market in the country has not yet attended this sector to its full potential. It is through such ways innovative cooperation of MIDF that we seek to bridge this financing gap in the municipal infrastructure in Serbia and provide the necessary support to this end” said Dr. Klaus Richter, Project Manager of the MIDF.


“We highly appreciate the newly established cooperation with MIDF” said Mr Hari Kostov, CEO of Komercijalna Banka AD Skopje, “It is a welcomed source of financing for urgently needed infrastructure investments in Macedonia coupled with substantial technical assistance to the final borrowers. As such, the financing package gives an additional advantage to the clients beyond the favourable interest rates. Our bank already proved itself as long-term partner in this country which supports the economic development in many different ways.”


MIDF has been designed for the Western Balkans, and within this group the Fund’s strategy will be to focus on Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro and Serbia in accordance with local needs.

21.04.2015 – Notification

Dear clients,


This is to notify you that on 21 April, 2015 the city-branch of the Bank located in the City Shopping Center (GTC) will not operate. You can use our products and services in the near city-branches at:


  • Head Office of the Bank (KB1 and KB2);
  • Chamber of Commerce;
  • JAT;
  • Buket; and
  • Makpetrol.


As from 22 April, 2015 the city-branch at MNT will not operate due to renovation works. You can use our products and services in other city-branches of the Bank.


Thank you for your understanding.

01.04.2015 - New promotion period for consumer loans to EUR 10.000

Komercijalna Banka AD Skopje has commenced a new promotion period from 01.04 to 30.06.2015  in which all newly approved consumer loans up to EUR 10,000 with EUR clause will be granted free of approval charges and administration costs. The consumer loans intended for refinancing of the existing loans in Komercijalna Banka will be subject to charges as per acts of the Bank.


You can get more information on the loan terms at the following link.

01.04.2015 – Decrease of a part of the deposit interest rates

As from 1.4.2015, Komercijalna Banka AD Skopje will lower a part of deposit interest rates for legal entities and citizens, as follows :


Legal entities:

  • time denar deposits and time denar deposits of pension and investment funds, pension fund management companies and investment fund management companies from 0,25 p.p. to 1,20 p.p.


  • time denar savings deposits from 0,02 p.p. to 0,90 p.p.;
  • time FX savings deposits from 0,02 p.p. to 0,50 p.p.