Agency for Restoration of the Bank – a specialized institution established for the implementation of the rehabilitation process of the banking system of the Republic of Macedonia. It was established in early 1994. By the Macedonian government, with initial capital provided by the budget. The main task of the Agency is to manage bad placements removed from the banks’ balance sheets. Its portfolio includes two types of claims of over 300 trading companies and public enterprises: claims in the amount of $ 336 million on the basis of used foreign loans from some international creditors (the Paris Club of Creditors, the London Club of Creditors, the World Bank, etc.) and uncollectible Denar claims in the amount of 12.7 billion denars ($ 317.5 million). For the amount of uncollected claims undertaken by Stopanska Banka AD Skopje, since 1995, the Agency issues bonds for remediation and reconstruction of the Bank. Bonds are voice of the bearer, they are emitted with a repayment period of 15 years, with a monthly payment of interest and annual payment of the principal. For collection of claims from end users of loans, the Agency applies different forms of regulation of claims, such as: collection of loans under the concluded contracts, premature collection of loans with discount, reprogramming loans, sales of third party receivables, converting claims in deposits In enterprises, activating mortgages and initiating liquidation and bankruptcy procedures. The management bodies of the Agency, appointed by the Government, are the Board of Directors, composed of seven members, and director. Since 2001, the name of the Agency has been changed to the Agency of the Republic of Macedonia for asset management. During 2003 The agency has stopped its work. Litt: Ljupco Trpeski, money and banking, Economic Press, Skopje, 2003, 560-563; Kiki Mangova Ponjvic, Vanco Kargov, 60 years Central Banking in the Republic of Macedonia, National Bank of the Republic of Macedonia, Skopje, 2006, 141-145. D. P.
Original article in Macedonian language Cyrillic alphabet
Кириличен напис АГЕНЦИЈА ЗА САНАЦИЈА НА БАНКА