EBRD backs Montenegro green housing with €24M loan package for Hipotekarna Banka
What's the deal? The European Bank for Reconstruction and Development (EBRD)Dealroom has a profile for this one. Try Dealroom → is lending up to €24 million to Hipotekarna BankaDealroom has a profile for this one. Try Dealroom →, one of Montenegro's leading banks, to widen access to housing finance and boost the supply of energy-efficient homes. The package splits into a €20 million housing finance loan and a €4 million loan under the bank's Green Economy Financing Facility for the Western Balkans (GEFF III).
What's the endgame? The housing loan lets Hipotekarna Banka expand long-term lending to citizens buying apartments, with at least 10% of funds directed to green housing that meets the EBRD's Green Economy Transition criteria. The GEFF III loan — the bank's first — targets energy efficiency and renewable energy in housing, mostly in Podgorica.
Why now? This marks the EBRD's third housing finance line for Hipotekarna Banka, building on a loan approved in 2024. Hipotekarna Banka is a member of the regional AikGroupDealroom has a profile for this one. Try Dealroom → banking network.
The signal: The deal sits in the smaller end of the funding spectrum — an amount in roughly the bottom tenth by size — but reflects the EBRD's push to combine housing lending with green financing across the Western Balkans. "By combining housing lending and green financing, we are supporting both the growth of the real estate market and the country's transition to a more sustainable, low-carbon economy," said Ekaterina Solovova, head of the EBRD in Montenegro.
Read more: en.vijesti.me
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