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EBM LOAN FOR SMES & OTHER PRIORITIES

Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
Montenegro : € 30,000,000
Credit lines : € 30,000,000
Signature date(s)
29/04/2020 : € 30,000,000
Link to source

Summary sheet

Release date
18 December 2019
Status
Reference
Signed | 29/04/2020
20190632
Project name
Promoter - financial intermediary
EBM LOAN FOR SMES & OTHER PRIORITIES
ERSTE BANK AD PODGORICA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 30 million
not applicable
Location
Sector(s)
Description
Objectives

Loan for SMEs with a Mid-Cap tranche to finance, for at least 70% of the facility amount, eligible investments promoted by SMEs and Mid-Caps operating in the manufacturing, tourism, and services sectors in Montenegro. Up to 30% of the loan amount could be dedicated to eligible projects promoted by public and/or private sector entities.

Financing of small/medium projects carried out by SMEs and Mid-Caps in the manufacturing, and tourism sectors, as well as other eligible investments promoted by public and/or private sector bodies in the fields of energy, environmental protection, services and tourism activities in Montenegro.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

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Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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