![Stopanska banka logo](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>)
September 2026
Largest Commercial Banking Public Companies in North Macedonia
Benchmark revenue and EBITDA valuation multiples for public comps like
Stopanska banka, ALTA banka, Komercijalna Banka, NLB Banka and Sparkasse Banka Skopje.
 | ALTA banka AD Bitola operates as a commercial bank. It serves households and businesses through retail banking and corporate banking segments. Retail banking serves individuals with deposits, loans, mortgages, and payment services, while corporate banking provides businesses with financing, trade finance, and cash management solutions. | -- | -- | $1.2B | $1.2B | 8.5x | - | ||
| ALTA banka AD Bitola operates as a commercial bank. It serves households and businesses through retail banking and corporate banking segments. Retail banking serves individuals with deposits, loans, mortgages, and payment services, while corporate banking provides businesses with financing, trade finance, and cash management solutions. | $70 | -7% | $1.2B | $1.2B | 8.5x | - | ||
| Komercijalna Banka AD Skopje is a commercial bank. The principal activities of the bank are - collecting deposits, placing loans and advances domestically and abroad, factoring and financing commercial transactions, foreign exchange operations, fast money transfer, trading with foreign currencies, trading with securities, services of a bank-custodian of investment and pension funds, intermediating in selling insurance policies, data collection and analysis of company's credit rating, and many others. It operates in the Republic of Macedonia, Europe, and other EU member countries. | $464 | -11% | $1.1B | $1.1B | 6.8x | - | ||
| NLB Banka a.d. Skopje is a bank in the Republic of Macedonia. It provides general banking services like accepting deposits, granting loans and advances, foreign exchange, asset management, retail banking services, brokerage services, custody services, and many others. The bank operates in the Republic of Macedonia, EU countries, Non-EU countries in Europe, and other countries. | $950 | -13% | $811M | $811M | 6.2x | - | ||
| Investbanka AD Skopje provides banking and financial products and services. The segments of the bank are Retail operation and Corporate banking. The company generates maximum revenue from Corporate banking segment. The bank offers services such as E-banking, savings and checking accounts, debit or credit cards, mobile banking and loans, among others. | -- | -- | $197M | $197M | - | - | ||
| Median | $464 | -11% | $1.1B | $1.1B | 7.7x | - |
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