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    Reference: 20170926
    Release date: 14 October 2020

    Promoter – Financial Intermediary

    PODGORICKA BANKA AD PODGORICA MEMBER OF OTP GROUP

    Location

    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Montenegro Credit lines