Financial institutions as an intermediary between international lenders and banks: case study Macedonian bank for development promotion
Financial institutions as an intermediary between international lenders and banks: case study Macedonian bank for development promotion

Summary/Abstract: Banks are the most important and influential financial institutions in Republic of Macedonia, participating with more than 90% in total operations. Their impact in the economy is widely recognized for the overall economic growth. Founding state bank that will promote the development of the economy is widely accepted practice by many countries. The state development banks facilitate the international cooperation with other financial institutions and funds, providing know-how and affordable credit lines for domestic companies. This paper examines the Macedonian bank for development promotion (MBDP), as state bank, it legal background for establishment, analyses of credit lines and the structure of their utilization by the banks as well as the impact as a financial intermediary in embedding funds in the financial sector.

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