Fif Prs Ckb Tender

Project ID: 56338
Status: Approved
Location: Montenegro
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: BE
Approval Date: 22 Jul 2025
Disclosure date: 28 Jul 2025
Project Description
Unfunded guarantee of up to €20 million provided by the Bank in favour of Crnogorska Komercijalna Banka ("CKB"). The guarantee will cover up to 50 per cent of the credit risk on a pro rata basis on the newly generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €40 million originated by CKB.

Project Objectives
This project is the first pilot implementation of the Portfolio Risk Sharing product by the EBRD in Montenegro. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market.

Transition Impact
ETI score: 60

The transition impact of the project derives from Competitive and Resilient transition qualities. The facility will enable CKB to further expand lending operations to the MSME sector in Montenegro and derisk CKB's MSME lending operations.