Release date: 14 October 2020
Promoter – Financial Intermediary
PODGORICKA BANKA AD PODGORICA MEMBER OF OTP GROUPLocation
Description
Financing for Podgoricka Banka, member of the OTP Group, to support Montenegrin small and medium-sized enterprises (SMEs) and mid-caps affected by the COVID-19 crisis.
Objectives
Financing to small/medium projects to support working capital and investment needs of SMEs and mid-caps in Montenegro, with particular focus on the sectors most affected by the COVID-19 pandemic.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 10/12/2020
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).