The EBRD announced it is extending a EUR 5 million credit line to Hipotekarna Banka AD Podgorica for on-lending to small and medium-sized companies (SMEs), which aims to make their access to needed funding easier. In addition, technical cooperation (TC) funds provided by donors will be used to strengthen Hipotekarna's credit assessment and risk management procedures. The loan to Hipotekarna Banka will be extended under the EBRD's Western Balkans and Croatia Financing Framework.

The total amount of the framework is EUR 250 million.