December 27 (SeeNews) - North Macedonia's steel mill Makstil [MSE:STIL] said on Monday it has agreed with local lender NLB Banka [MSE:TNB], part of Slovenian banking group Nova Ljubljanska Banka (NLB), to increase an existing revolving loan facility by 5 million euro ($5.7 million).
Under the amended agreement, the revolving loan facility now has an aggregate amount of 8 million euro, Makstil said in a bourse filing.
NLB Banka agreed to provide a revolving loan of 3 million euro to Makstil in December 2020.
Makstil produces hot rolled heavy plates. Its main shareholder is Liechtenstein-based Duferco Group, which operates in steel production and distribution, energy trading, shipping and logistics, and engineering.
($ = 0.8833 euro)
NLB Tutunska Banka AD Skopje is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here