Signature(s)
Amount
€ 20,000,000
Countries
Sector(s)
Montenegro
: € 20,000,000
Credit lines
: € 20,000,000
Signature date(s)
10/12/2020 : € 20,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
14 October 2020
Status
Reference
Signed | 10/12/2020
20170926
Project name
Promoter - financial intermediary
PDB COVID19 RESPONSE FOR SMES&MIDCAPS
PODGORICKA BANKA AD PODGORICA MEMBER OF OTP GROUP
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
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.
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.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Related projects
Link to source
Summary sheet
News & Stories
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