Harrisons has advised the EBRD on two loan facilities provided to Crnogorska Komercijalna Banka Podgorica aimed at enhancing access to affordable green finance for businesses and homeowners.
According to Harrisons, under the SME Go Green Program, a EUR 7 million loan will be on-lent to small and medium-sized enterprises for green investments in energy efficiency, resource efficiency, and renewable energy – helping local businesses meet EU standards and boost their competitiveness. Additionally, a EUR 5 million facility under the Western Balkans GEFF III – Repower Residential Program will support homeowners in investing in high-performance green technologies such as thermal insulation, energy-efficient heating and windows, heat pumps, and solar panels. Homeowners and housing associations will also benefit from cashback incentive grants of up to 20% of their loan value upon successful installation. Both facilities are supported by grant incentives from the European Union and the Japanese government.
The Harrisons team included Principal Mark Harrison, Consultant Ines Matijevic-Papulin, and Senior Associate Mina Zeljkovic.
