To simplify the process all financing mechanisms are channeled through local Partner Banks, who receive continued support from the Programme’s Project Consultants.
Credit terms and conditions are set by the local Partner Banks and the ultimate decision whether or not to extend financing to an applicant company is made by the Partner Banks only. EBRD, EU and the Project Consultants have no influence on this decision.
The Project Consultant is responsible for the technical assessment of investment projects and, together with the Verification Consultant, for setting and checking grant amounts. The Partner Banks will pay Grant incentives to the owners of successfully completed and verified projects. However, the Partner Banks have no influence on the level of grants to be paid out.
The following Partner Banks currently participate the SME Competitiveness Support Programme in Montenegro :
OTP Group as a dominant banking player in Hungary and the Central and Eastern European region provides high quality financial services for its more than 18,5 million private and corporate clients in nine countries through its almost 1500 branches, over 4000 ATMs, internet and electronic channels. Since its 1949 founding, the company has developed to a universal financial service provider banking group.
In Montenegro, the OTP group is present through the operations of Crnogorska komercijalna banka (CKB), the leading bank on the market. CKB has a wide range of loan and savings products, will provide fast and quality service, innovative digital products and electronic banking, as well as a diverse range of cards. With 33 branches throughout Montenegro and 115 ATMs, the bank provides wide market coverage and quality and fast response to customer requirements. In its operations, CKB is guided by the most modern standards of the banking industry and strives to create an offer that improves the quality of life of its clients. CKB is a reliable partner for supporting development and strategic projects that are of great importance for the Montenegrin economy and society in general.