According to the bank website, the project consists of a provision of a senior unsecured loan to Lovcen Banka ("LB") of EUR 4 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium enterprises (SMEs) in Montenegro.
The proposed project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Montenegro. The bank is successfully implementing a SME-focused strategy and well-positioned to provide much needed financing to smaller businesses in the country via its regional branch network. The focus will also be on lending in the regions outside the capital Podgorica and attracting new SME clients.
COMPANY CONTACT INFORMATION
+382 20 205 410
+382 20 205 411
Dzordza Vasingtona 56/I, 81000, Podgorica Montenegro
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: email@example.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html