Montenegro: EIB and Podgorička banka (OTP Group) sign €20 million loan to accelerate post-COVID recovery of SMEs and mid-caps

Dec 11, 2020

The EIB and Podgorička banka (Member of the OTP Group) have agreed on a €20 million credit line for Montenegrin small and medium-sized enterprises (SMEs) and mid-caps operating in some of the worst affected sectors of the economy, such as services and wholesale/retail trade. The credit line will enable Montenegrin SMEs to address liquidity constraints for short-term working capital needs, as well as longer-term investments, thereby contributing to faster economic and social recovery from the downturn caused by the COVID-19 pandemic.


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