Skopje, 29 November 1999
Press release of the NBRM
GRANTING AN OPERATION LICENSE TO THE AL KOSA A.D. STIP SAVINGS HOUSE
By virtue of Article 17-b of the Banks and Savings Houses Act (Official Gazette of the Republic of Macedonija No. 31/93, 78/93, 17/96 and 37/98), the National Bank of the Republic of Macedonia informs the public about the following:
By a Decision of the Governor of the National Bank of the Republic of Macedonia, No. 02-14/773-99 dated November 09, 1999, an operation license was granted to the AL KOSA a.d. Stip savings house. Founder of the savings house is a.d. "Bargala" - Stip. This decision is final in administrative procedure. The address of the Savings House is "Vanco Prke" St. bb., Stip.
The Savings House shall carry out the following activities:
· collect denar savings deposits of natural persons up to an amount two times higher than its founding capital;
· grant credits to natural persons and individuals acting independently (not having a status of a legal entity);
· acquire credits from banks and savings houses;
· perform economic and financial consulting activities;
· extend credits to legal entities through a bank;
· extend direct credits to banks and savings houses; and
· extend direct credits to legal entities, up to 30% of the guarantee capital of the Savings House.
Governor's Office
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