Hipotekarna Banka in Montenegro has secured a €10 million credit line from the European Bank for Reconstruction and Development (EBRD), which will be directed towards offering housing loans to its clients.
According to the bank, this funding will provide significant support to citizens wishing to purchase properties and address housing needs, offering more favorable credit terms.
“This collaboration will enable Hipotekarna Bank to offer competitive interest rates and long-term repayment options, contributing to the stability and growth of the real estate market,” the bank’s statement reads.
The partnership with EBRD is part of an ongoing effort to strengthen the local financial sector, particularly in the area of mortgage lending, and improve living conditions for the population.
The agreement was signed in London by Francis Malige, EBRD’s Director for Financial Institutions, and representatives from Hipotekarna Bank, Ana Golubović and Gojko Maksimović.
Malige expressed satisfaction with supporting Hipotekarna Bank with a €10 million loan, emphasizing EBRD’s commitment to expanding access to long-term mortgage financing.
“This financing will not only enhance the bank’s ability to serve citizens seeking housing loans but also foster greater stability and resilience within the local mortgage market,” Malige said.
Ana Golubović, a member of the bank’s Board of Directors, said that the agreement with EBRD would provide long-term resources for introducing favorable loan terms to the housing sector.
“Housing loans are a product that will open additional opportunities for our clients and expand our existing range of credit offerings. We thank EBRD for their cooperation, confident that we will provide the necessary support to help clients address their housing needs,” Golubović stated.
Hipotekarna Banka, the second-largest bank in Montenegro by market share in assets and deposits, will continue to focus on its clients through the expansion of its product and service offerings.
Since Montenegro joined the EBRD in 2006, the bank has invested €900 million in 93 projects. EBRD’s priorities for the country include supporting competitiveness, green transition, and further integration into regional and global markets.
