Credit line

EBRD opens credit line to Lovćen Bank to support SMEs in Montenegro

Regional today

Friday, February 4, 2022, 2:00 p.m.

The European Bank for Reconstruction and Development announced that it has launched a new €4 million credit line to Lovćen banka AD Podgorica (Lovćen Bank) to support the competitiveness of small and medium-sized enterprises (SMEs) in Montenegro.

In the form of working capital lines and investment loans, the funding will stimulate lending to private businesses and provide short-term liquidity.

The line of credit will support the post-pandemic recovery of Montenegro’s economy and strengthen its resilience in the medium and long term.

It will also play an important role in the implementation of the country’s green agenda, as the EBRD and Lovćen Bank expect that 10% of the allocated funds will be used to finance green investments by SMEs.


Producing decent journalism is an expensive business. For 27 years, the editors, editors and reporters of Budapest Business Journal have strived to bring you business news that works, information you can trust, that is factual, accurate and presented without fear or favour.

News organizations around the world are struggling to find a business model that allows them to continue to excel, without compromising their ability to perform. More recently, some have experimented with the idea of ​​involving their most important stakeholders, their readers.

We would like to offer this same opportunity to our readers. We would like to invite you to help us provide the quality business journalism you need. Hit our Support the BBJ button and you’ll be able to choose how much and how often you send us your contributions.