Release date: 18 December 2019
Promoter – Financial Intermediary
ERSTE BANK AD PODGORICALocation
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)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 30 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 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).