National Bank of the Republic of North Macedonia says one bank has applied to join SEPA credit transfer with earliest onboarding date 6 October 2025

In remarks delivered at the 30th anniversary annual assembly of ACI Macedonia, Vice Governor Emilija Nacevska highlighted North Macedonia’s acceptance into the Single Euro Payments Area (SEPA) and outlined the National Bank of the Republic of North Macedonia’s role in supporting banks’ preparations to join the SEPA Credit Transfer scheme. She noted that the earliest date for acceptance of banks from new member countries is 6 October 2025, that one bank has already submitted a membership application to the European Payments Council, and that most banks are at an advanced stage of preparation. The speech also linked domestic financial market development to the effective conduct of monetary policy, pointing to the central bank’s work since monetary independence to establish a functional, liquid and transparent foreign exchange and money market. Nacevska also referenced ongoing support for the primary market in government securities, including the formation of a risk-free yield curve, and the establishment of a secondary market in government securities, framing these developments as enabling more effective foreign exchange interventions to maintain exchange rate stability and stronger monetary policy transmission. Looking ahead, the National Bank said it will continue to monitor banks’ SEPA readiness and provide technical and expert support through the onboarding process, while maintaining its cooperation with ACI Macedonia, including a continued focus on professional education and ethical conduct among financial market practitioners.