Legal entities > InnovFin


Silk Road Bank in order to strengthen the competitiveness of the companies in the Republic of Macedonia, signed a cooperation agreement with the European Investment Fund (EIF) and also is participant in the InnovFin guarantee scheme, which offers an exclusive opportunity for easier access to finance for small and medium enterprises through InnovFin Guarantee scheme.

Funding is supported by the InnovFin SME Guarantee Scheme, financially supported by the European Union under the patronage of "Horizon 2020" financial instruments and the European Strategic Investment Fund, within the Investment Plan for Europe..

The InnovFin program is designed for innovative, small and medium-sized enterprises in all economic industries and legal forms that satisfy the requirements.

Through the InnovFin program, Silk Road Bank provides continuous support to development oriented customers and enables them to improve their competitiveness. Target of the program is to relief the access of small and medium enterprises to finance for innovative projects. It is designed for development oriented companies and innovative projects, companies that invest in modern technologies, energy efficiency and improve their working operations.

Innovation means an investment that is new to the company and which contributes to the modernization of processes, cost-effectiveness and efficiency.
  • Loans for innovative projects
  • Privileged interest rate

  • Long-term financing of investments in tangible and intangible assets
  • Medium-term financing of working capital for development and expansion of business
  • Short-term financing of working capital related to the regular operations of companies
  • Minimum amount of EUR 25.000, maximum EUR 1.500.000

For all details, you can contact the Bank's branches (link) and Corporate Department at: +389 2 3289 551, +389 2 3289 555

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