Stopanska Banka AD Skopje has pre-paid the subordinated loan to NBG
Stopanska Banka AD Skopje has pre-paid the subordinated loans in total amount of Euro 45 million that was approved by the National Bank of Greece in 2006 and 2008 with term of 10 years. The utilization of these funds significantly attributed for accomplishment of the objectives set by the Business and Development plan of the Bank, which resulted in strengthening of the capital base, increasing the profitability and competition position of the Bank in the market.
The achieved results and accumulated profit during the last years enabled conditions for pre-payment of both sub loans, for which the Bank received previous consent by the Central Bank. Simultaneously, with the pre-payment of the sub-loans, the Shareholders Assembly in which the dominant shareholder is the National Bank of Greece enacted a Decision for withholding the part of the accumulated profit from previous years in amount of Euro 35 million into permanent capital, which increased the capital strength of the Bank on permanent basis and it’s loan potential, as well.