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    Signature(s)

    Amount
    € 90,000,000
    Countries
    Sector(s)
    Montenegro : € 90,000,000
    Credit lines : € 90,000,000
    Signature date(s)
    25/10/2011 : € 2,000,000
    19/03/2010 : € 2,000,000
    3/09/2009 : € 2,000,000
    31/08/2010 : € 2,000,000
    14/12/2010 : € 2,000,000
    3/09/2009 : € 2,000,000
    28/10/2011 : € 2,000,000
    7/08/2009 : € 3,000,000
    26/07/2011 : € 3,000,000
    4/08/2010 : € 4,000,000
    8/02/2011 : € 4,000,000
    24/07/2009 : € 4,000,000
    9/03/2010 : € 4,000,000
    19/08/2009 : € 5,000,000
    29/10/2010 : € 5,000,000
    22/09/2009 : € 6,000,000
    3/09/2009 : € 9,000,000
    29/07/2010 : € 9,000,000
    21/11/2009 : € 20,000,000
    Link to source

    Summary sheet

    Release date
    17 February 2009
    Status
    Reference
    Signed | 24/07/2009
    20090034
    Project name
    Promoter - financial intermediary
    Montenegro Loan for SMEs

    Intermediaries under this operation will be chosen by the Government of Montenegro according to their eligibility criteria and the Bank’s usual selection criteria, among Montenegrin banks.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million.
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Credit line for financing of limited scale projects of small and medium enterprises and of public sector authorities and entities of any size for investments in the fields of the knowledge economy, energy and environmental protection and tourism.

    Make available access to long-term funds at affordable interest rates to important sectors of economy.

    Environmental aspects
    Procurement

    The intermediaries will be requested to ensure compliance of the sub-projects with relevant national and EU environmental laws, as appropriate.

    The intermediaries will be requested to ensure compliance of the sub-projects with EU directives, in particular for the award of public sector contracts, as may be 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

    Link to source
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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
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