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    Reference: 20190632
    Release date: 18 December 2019

    Promoter – Financial Intermediary

    ERSTE BANK AD PODGORICA

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 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 - 29/04/2020

    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