Macedonia’s Ohridska Banka Signs 20 Mln Euro Loan Deal with France's Societe Generale

The loan has a maturity of one year with a renewal option at the half-way mark, Ohridska Banka said in a statement sent to the Macedonian Stock Exchange where it is listed.
 
The borrower is allowed to make partial drawdowns in accordance with its needs, it added.

Ohridska Banka, 58.82%-owned by Societe Generale, reported a first-half net profit of 8.8 million denars ($215,159/144,585 euro), down 73.9% from a year earlier.

The bank’s shares closed up 6.7% at 2,988 denars ($73/49 euro) on Wednesday.

(1 euro=60.8951 Macedonian denars)