Macedonian Banking Association - МАКЕДОНСКА БАНКАРСКА АСОЦИЈАЦИЈА

What Macedonian Banking Association - МАКЕДОНСКА БАНКАРСКА АСОЦИЈАЦИЈА does

The Macedonian Banking Association (MBA), legally the "Association for realization of common interests of the banks and promotion of their operations – Macedonian Banking Association," is a non-profit professional industry body registered in Skopje on April 30, 2018, whose founders are all commercial banks and savings houses operating under the Banking Law of North Macedonia. It serves as the unified statutory representative of the country's 13 commercial banks and 2 savings houses, coordinating the sector's positions with the National Bank, convening permanent commissions across regulatory, ESG, HR, and IT areas, and representing members internationally through its European Banking Federation associate membership.

MBA's core deliverables sit at the intersection of industry infrastructure and soft advocacy. Its principal technical product is the SKIBOR (Skopje Interbank Offered Rate), a deposit-market interbank benchmark administered under published calculation rules with a dedicated portal at skibor.mba.mk. The association also operates the country's first unified national ESG questionnaire, built in cooperation with the Macedonian Credit Bureau, and runs the Macedonian leg of the European Money Quiz financial-literacy competition for students aged 13–15 in cooperation with the Ministry of Education and the National Bank. Additional programs include the MiCreS micro-credentials project with Frankfurt School of Finance & Management, the quarterly MBA E-Bulletin, ESG briefings, and — as of 2025 — the wholly-owned Foundation "Together for One" (Заедно за Едно), created to coordinate member-bank social-responsibility activities.

The business model is non-dues-disclosed membership-funded: mandatory participation of all Banking-Law-licensed institutions provides a captive revenue base, supplemented by international project participation (SBFN, EBF, MiCreS) and event income. The organization is run by a lean staff of roughly seven employees, led by President Maja Stevkova Shterieva, Deputy President Bojan Stojanoski (since December 2024), and Executive Secretary Milena Perchinkova, with no disclosed annual revenue, funding rounds, or commercial monetized products beyond benchmark data and event income.

Name

Macedonian Banking Association - МАКЕДОНСКА БАНКАРСКА АСОЦИЈАЦИЈА

Legal name

Здружение за остварување на заеднички интереси на банките и унапредување на нивното работење – МАКЕДОНСКА БАНКАРСКА АСОЦИЈАЦИЈА – Скопје

Website

https://mba.mk

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

The Macedonian Banking Association is the unified non-profit industry body representing all 13 commercial banks and 2 savings houses operating under North Macedonia's Banking Law, providing interbank rate benchmarking (SKIBOR), ESG frameworks, financial education programs, and regulatory representation with the National Bank and the European Banking Federation.

Ownership category

akta.pro rank

Product category

Banking Industry Association Services

NAICS

Credit Intermediation and Related Activities (522)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

ESG Data, Ratings & Climate Benchmarks (FSAFAIAI)

akta.pro secondary industry

Sustainable Finance & ESG Ratings/Benchmarking Support (EUAHAJAH)

Keywords

• Banking industry association
• Interbank benchmark rates
• Financial education programs
• ESG banking framework
• Banking sector representation

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels2 records

Marketing channels5 records

Core offering

The Macedonian Banking Association is a non-profit industry association that represents all commercial banks and savings houses operating in North Macedonia under the Banking Law. It provides interbank rate benchmarking (SKIBOR and NRKS), coordinates regulatory compliance with the National Bank, organizes professional training and seminars, manages ESG framework initiatives for member banks, runs the European Money Quiz financial literacy competition, and facilitates international cooperation through European Banking Federation membership. Its core operations are funded through mandatory membership fees from all 13 commercial banks and 2 savings houses in the country.

Product overview

The Macedonian Banking Association (МБА) is a professional association representing banks and savings houses in North Macedonia. Rather than offering a unified technology product, the MBA provides a portfolio of services including the quarterly E-bulletin, SKIBOR interbank interest rate calculation and publication, the European Money Quiz financial literacy competition, ESG activities and unified ESG questionnaire for companies, the MiCreS micro-credentials project, and the Foundation 'Together for One' for social responsibility initiatives. The association also coordinates with the National Bank on macroeconomic indicators and banking system data.

Differentiator

Problem solved

Functional benefit

Brands

• SKIBOR (Skopje Interbank Offered Rate): Interbank interest rate on deposit market published by MBA since February 2025
• MBA E-Bilten
• European Money Quiz

Products and services

• МБА Е-билтен (MBA E-bulletin) A quarterly bulletin published by the Macedonian Banking Association covering banking sector news, activities, events, and industry developments for member banks and the broader public.
• СКИБОР (SKIBOR - Skopje Interbank Offered Rate) Skopje Interbank Offered Rate - an interbank interest rate on the deposit market, calculated and published by the MBA according to published rules, serving as a domestic benchmark rate for the Macedonian banking sector.
• Европски квиз на пари (European Money Quiz) A financial literacy competition for students aged 13-15, organized by the MBA in cooperation with the European Banking Federation, the National Bank, and the Securities Commission to promote financial education among young people in North Macedonia.
• ESG Активности на банкарскиот сектор (ESG Activities of the Banking Sector) ESG briefings, events, publications, and the unified national ESG questionnaire platform for member banks and other companies, developed through the ESG Commission in cooperation with the Macedonian Credit Bureau.
• MiCreS Project (Micro-Credentials in Practice) A European project contributing to the development of innovative micro-credentials in the banking and financial services sector, partnered with Frankfurt School of Finance & Management, providing professional development credentials for banking sector staff.
• Национална референтна каматна стапка (NRKS) National Reference Rate for the banking system, calculated and published by the MBA as a key domestic benchmark rate for the Macedonian banking sector.
• Фондација ЗАЕДНО ЗА ЕДНО (Foundation "Together for One") Foundation established by the MBA to provide support and aid to victims and families affected by tragic events, including the 2025 Kočani fire, demonstrating the association's social responsibility commitments.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered minor and core.

• Women Entrepreneurs Finance CodeminorStrategic or Co-development Partner · 23 February 2026MBA supports the global initiative to reduce the financial gap and remove barriers for women-owned MSMEs, signing the adhesion letter for the initiative.
• International Balkan University (IBU)minorStrategic or Co-development Partner · 1 October 2025Memorandum of cooperation signed through the Faculty of Economics and Administrative Sciences for joint academic and professional activities.
• Embassy of Hungary in North MacedoniaminorGTM or Marketing Partner · 9 April 2025Co-organized workshop on Hungarian Instant Payment and Treasury Technology in cooperation with the Hungarian Embassy.
• International Finance Corporation (IFC)minorStrategic or Co-development Partner · 13 December 2024Met with IFC representatives to discuss banking sector development initiatives in North Macedonia.
• United Nations Development Programme (UNDP)minorStrategic or Co-development Partner · 21 November 2024Joint presentation of the Green Financial Instrument program for improving air quality and combating climate change in North Macedonia.
• Ministry of Education and Science (MON)minorStrategic or Co-development Partner · 30 October 2024Cooperation agreement for promoting financial education in schools through the European Money Quiz competition.
• Deposit Insurance Fund of North MacedoniaminorStrategic or Co-development Partner · 21 October 2024Cooperation for organizing World Savings Day activities and joint meetings on deposit protection.
• Securities and Exchange Commission of the Republic of North MacedoniacoreStrategic or Co-development Partner · 1 October 2024Co-organizer of the European Money Quiz national competition and joint activities for capital markets development.
• Frankfurt School of Finance & ManagementminorStrategic or Co-development Partner · 7 March 2024Partner in the MiCreS project (Micro-Credentials in Practice) for developing innovative micro-credentials in banking and financial services sector.
• Sustainable Banking Finance Network (SBFN)coreStrategic or Co-development Partner · 29 February 2024MBA joined SBFN as a member, participating in the global network for sustainable banking and finance alongside International Finance Corporation (IFC) and World Bank Group members.
• Macedonian Stock Exchange AD SkopjeminorStrategic or Co-development Partner · 31 January 2019Signed memorandum of cooperation for joint activities supporting financial market development and investor protection.
• Central Depository AD SkopjeminorStrategic or Co-development Partner · 31 January 2019Signed memorandum of cooperation for joint activities supporting securities settlement and depository services.
• National Bank of the Republic of North MacedoniacoreStrategic or Co-development Partner · 1 December 2018Memorandum for cooperation in financial education and financial inclusion. Association operates under regulatory framework set by the National Bank and coordinates banking sector positions.
• European Banking Federation (EBF)coreStrategic or Co-development Partner · 27 May 2018MBA is a member of the European Banking Federation. Hosted the 46th EBF meeting in Skopje in May 2018. Participates in annual EBF associate member meetings and coordinates European banking policy positions.

Recent moves6 records

Expansion highlights6 records

Direct peers

• Banking Association of Kosovo: Kosovo's national banking industry association; similar scope (representation, training, financial education) and a key regional counterpart that MBA regularly meets within Western Balkans banking forums.
• Association of Banks in Bulgaria: Bulgarian national banking association representing commercial banks; comparable in industry representation, regulatory coordination, and ESG/sustainable banking activities to MBA.
• Association of Banks of Albania: Albanian banking industry association offering analogous services to member banks; directly comparable in size, mandate, and Western Balkans positioning to MBA.
• Hungarian Banking Association: Hungarian national banking association involved in payments, training, and ESG initiatives; MBA has held joint workshops with the Hungarian Embassy and banking ecosystem, making it a closely comparable counterpart.
• Romanian Banking Association: Romanian national banking association providing industry representation, training, and interbank coordination; comparable in mandate and activities, though operating in a substantially larger banking market than MBA.
• Banking Association of Bosnia and Herzegovina: National banking association in BiH providing similar representational, training, and coordination services to its member banks; closely comparable in mandate and regional context to MBA.
• Association of Serbian Banks: Serbian banking industry association providing similar services (benchmark rates, representation, training) to member banks; directly comparable in scope and role to MBA within the same Western Balkans region.
• Croatian Banking Association: National banking industry association representing Croatian banks; directly comparable in mandate (industry representation, ESG, financial education, regulatory coordination) and structure to MBA, just in a larger EU member-state market.

Broad incumbents

• European Banking Federation: Brussels-based umbrella federation of which MBA is an associate member; comparable in overall industry-representation mandate but at pan-European scale, providing the policy and international network layer above MBA.

Others

• Sustainable Banking Finance Network (SBFN): Global IFC/World Bank-hosted network for sustainable banking frameworks of which MBA is a member; relevant as a peer/forum on the ESG and sustainable finance agenda that is a growing focus area for MBA.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/macedonian-banking-association

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Macedonian Banking Association - МАКЕДОНСКА БАНКАРСКА АСОЦИЈАЦИЈА