| Project Detail |
Location: Montenegro Project number: 55681 Business sector: Financial institutions Notice type: Private Environmental category: FI Approval date: 22 Oct 2024 Status: Approved English-language PSD published: 23 Oct 2024 A senior unsecured loan of up to € 5 million to be provided in two tranches (€ 2m and € 3m) to Crnogorska Komercijalna Banka (CKB). The loan is provided under the Western Balkans GEFF III | REpower Residential (WBGEFF III). Project Objectives The transaction will support the aim of the WB GEFF III Framework to provide access to finance for green investment on-lending in a gender-responsive way for the residential sector (individual residents, housing collectives and housing management companies, service providers, producers and vendors of green technologies and materials and construction companies) and public sector in Montenegro. 100 per cent of the use of proceeds will be related to investments eligible under the EBRDs Green Economy Transition (GET) approach. |
