Clearing of interbank payments of small amounts is the basic service managed and handled by KIBS. This process is performed in one clearing day, the time where all transactions denoted with the currency date in the current business day are carried out. Within a clearing day, one or more settlements cycles may be executed. KIBS executes one cycle.

A part of the Macedonian payment system, clearing is a process performed in one business day according to the Calendar of (non)business days in 2011 between: banks – KIBS – Macedonian Interbank Payment System (MIPS) and vice versa. KIBS performs these activities in line with the Rulebook on Operation of KIBS, Term Plan for KIBS Operation, and other KIBS documents regulating the proceeding and procedures of operation under the Law on Payment Transactions and the Core Principles for systemically important systems.

The process commences with the receipt of packages from banks containing data on payment instruments issued by clients to banks and by banks on the basis of various debtor-creditor relations. KIBS establishes the cumulative state for any bank separately and under the principle of multilateral settlement (clearing calculation) establishes net state for each bank that is the participant in clearing. Those states are settled by the Macedonian Interbank Payment System (MIPS) and to each bank participating in the clearing is delivered a detailed report. The particicants in clearing are banks – carriers of the payment operations, the Treasury with the Ministry of Finance as a special carrier of the payment operations for budgetary users and individual users and the Health Insurance Fund of the Republic of Macedonia as the separate carrier of the payment operations for health institutions.

Successful work

KIBS AD Skopje continues with the successful work and positive growth in terms of financial results, scope of work, customer satisfaction and service, and commitment of the management board, management and employees. Success in the operation due to the excellent cooperation with the customer services, the monitoring of the financial sector and responding appropriately to changes and challenges, monitoring and development of information technology, maintaining and raising the level of automation of processes and the application of modern technologies, commitment and concern for the needs and requirements of users and the application of international standards activities.

Informations about Digital certificates

+ 389 (02) 3297 444 + 389 (02) 5513 444
fax:+389 2 3297 497

Direct Debit
KIBS AD Skopje application solution developed to simulate the process of direct debit  under the rules, practices and standards of SEPA. KIBS has signed an agreement with the European Payments Council to use the licenses to the rules, procedures, standards and formats schemes for direct debit. The Simulator is available to all interested parties and they can participate in the role of a bank, debtor or creditor. For more information please contact the e-mail:

Macedonian Credit Bureau AD Skopje donian Credit Bureau AD Skopje

Macedonian Credit Bureau AD Skopje is the first private credit bureau in the country, founded by KIBS AD Skopje.

It`s main function is providing collection and processing data for the entity liabilities and other information determined by the Law of Credit Bureau, in order to provide debt reports and regularity in obligation accomplishment of the entities.

The product of Macedonian Credit Bureau is Report.

For more information please contact the:
phone.:+389 (0)2 3251 280
fax: +389 (0)2 3251 290