Small and medium enterprises will be able to use a new credit line through Komercijalna Banka AD Skopje.
It is about the credit line of the European Development Bank Council realized through the Macedonian Bank for Development Promotion. Purpose of the credits is purchase of fixed assets for the needs of the enterprises.
Maximal amount of loans is EUR 400.000,00, the interest rate is variable, depending on the quarterly EURIBOR, and repayment term shall depend on the project, but not more than 7 years.

The expansion of non-cash payment operation made the number of ATMs increase from day to day. Recently, Komercijalna Banka installed and put into operation three more ATMs. One of them is at the Ohrid Lake coast, in the “Metropol” hotel, and the other two ATMs are in the city-branch of the Bank in Kicevo and in the Kocani Branch.

Following the trend of increased volume of non-cash payment operations, Komercijalna Banka AD Skopje has installed another two new ATMs. One of them is installed in the Bank’s new city-branch Ruzveltova located at the 53 Partizanski odredi Boulevard in Skopje, and the other in the city-branch Lisice in Skopje.

      For a longer period of time, A1 TV channel is trying to follow the activities of Komercijalna Banka AD Skopje in the process of attracting a strategic partner from amongst the renowned foreign banks, in a sensational and speculative manner and with some unverified “exclusive information”. At the beginning, this process was presented as political reelection activity but after being considered as untrue it has recently started openly to quote names of foreign banks, even indicating the allegedly favorite one for Komercijalna Banka, according to some “anonymous sources”.

      Komercijalna Banka would like to point out that these insinuations presented by A1 TV channel reveal the tendency to harm the process. The Bank has transparently, and in accordance with the laws in the Republic of Macedonia and the international practice, announced the conclusion of the shareholders agreement, the appointment of the international consultants and the expected dynamics for completion of the whole procedure. At the moment, the process is being realized according to the projected dynamics.

      Komercijalna Banka shall not quote any names of foreign banks in the media until completion of the procedure. It is the Bank’s obligation to provide complete business discretion, as usual for limited international tenders, to any potential or interested foreign partner that fulfills the respective criteria. Mentioning any names of foreign banks in this stage of the process is only a result of the speculations presented by the journalists of A1 TV, which are not based on the official information presented by Komercijalna Banka.

A new city-branch of Komercijalna Banka AD Skopje – City-branch Ruzveltova located at the Partizanski odredi Boulevard 53 in Skopje will be opened as from September 20, 2006.
The working hour of the new city-branch from Monday to Friday will be from 07:00 to 19:00 and on Saturday from 07:30 to 13:30 h.

Komercijalna Banka AD Skopje is sponsor of participation of the Republic of Macedonia in the most prestigious international exhibition of architecture, Biennale in Venice, in the national presentations section. The exhibition will be held from 10 September to 19 November 2006, and the topic is “Cities, Architecture and Societies”.

• Loans for scholarship abroad for all countries, with extended term up to 3 years, without guarantors and a pretty low interest rate to the extent of 9,5%;
• Loans for purchasing vehicles from all automobile houses;
• Tourist loans up to 150.000,00 denars, without guarantors and extended term of repayment up to 2 years;
• For the Bank’s clients, more favourable terms for granting loans with combined security of pledge of deposit and mortgage;
• Mortgage loans with increased maximal amount up to 35.000,00 EUR;
• Decreased percent of coverage with nominal value of bonds for loans with pledge of bonds as a security instrument. The Bank also approves loans with pledge of bonds as a source of repayment with six-month or annual annuities;
• Extending the repayment term of loans for purchase of business premises – up to 12 years;
• Loans for additional construction, superstructure, reconstruction or adaptation of flats, houses or business premises on 12 years;
• The required security percent has been lowered for all the loans secured by mortgage – estimated value of mortgage up to 170% of the amount of the loan, and lower percent for more creditworthy individuals.

Any legal entity or individual that has concluded with the Bank an agreement for opening and keeping an account for execution of domestic payment operation, may be a user of services of the electronic banking. Documentation for Internet banking operation may be downloaded from the web site of the Bank or at the counters of the Domestic Payment Operations Department – Accounts Opening Unit.

The services of the electronic banking will be available for users 24 hours a day, seven days a week.

Komercijalna banka AD Skopje is sponsor of the 45th Struga Poetry Evenings, on the programme part Portrait of the Golden Wreath. This year the award Golden Wreath is awarded to the Cuban poet Nancy Morejon.

Generally, in the course of June, the companies worked within the established criteria, even though there were some discrepancies. Pursuant to the amendments in the Law on Payment Operations, in case of blockade of an account of a legal entity with any bank, all its accounts with all the banks it has accounts opened with shall be blocked. As at 30.06.2006, the Bank had blocked 14 accounts under this basis. In the course of the previous month, 10 accounts have been blocked and 7 accounts have been unblocked under this basis.

Out of the total number of reminders sent for collection with the accounts of legal entities, 95 refer to the users of international business credit cards, and 40 refer to the users of domestic business credit cards. Most of the reminders in both groups refer to overdrafts of the credit limit for a period of over 120 days.

Individuals

In the course of June the Bank did not note any significant bad operation with the cards accounts of individuals.

In this period, the Bank sent 93 reminders to individuals holders of international business cards and 366 reminders to individuals holders of domestic business cards.

Most of the reminders refer to overdrafts of the credit limit for a period of over 120 days.

This year again Komercijalna Banka AD Skopje is a sponsor of the 44th Galichnik Wedding – manifestation which is a part of the Macedonian cultural tradition and also a part of the world cultural heritage under the UNESCO preservation.

Komercijalna Banka AD Skopje two years in a row is a Golden Sponsor of the cultural manifestation of grate national and international significance - “Ohridsko Leto 2006”..

Maestro® Debit Card provides quick and simple approach to the money on the current account, taking into consideration the overdraft facility.

Upon issuance of MasterCard® Standard Credit Card, two accounts are opened (in MKD and EUR) and the credit limit is two times higher than the free part of the customer’s monthly income. This card can be issued fast and simply, without deposit and guarantors and the customer does not have to possess a current account opened with the Bank.

If MasterCard® Revolving Credit Card is chosen, the customer will get an account in MKD, with credit limit two times higher than the free part of its monthly income. Deposit, guarantors and current account opened with the Bank are not required for issuance of this card.

MasterCard BusinessCard® provides simple payment of the business expenses in the country and abroad. The company may be issued as many cards as it is needed, and monitoring and control the transactions by user is simple.