Harrisons and Clifford Chance Advise EBRD on EUR 25 Million Portfolio Risk‑Sharing Facility in Montenegro

"Harrisons, together with Clifford Chance, advised the European Bank for Reconstruction and Development (EBRD) on a portfolio risk‑sharing facility in Montenegro. The EBRD will provide Crnogorska Komercijalna Banka with an unfunded risk‑sharing guarantee of up to EUR 25 million, backed by technical assistance and an EU EFS+ first‑loss counter‑guarantee to support MSME lending."

Harrisons, working with Clifford Chance, advised the European Bank for Reconstruction and Development (EBRD) on a portfolio risk‑sharing facility in Montenegro. Under the transaction, the EBRD will provide Crnogorska Komercijalna Banka with an unfunded risk‑sharing guarantee of up to EUR 25 million to support lending to micro, small and medium‑sized enterprises. The facility is supported by technical assistance and secured by a first‑loss counter‑guarantee from the European Union’s European Fund for Sustainable Development Plus (EFS+) programme. The portfolio risk‑sharing facility is designed to improve access to finance for underserved segments of the Montenegrin economy, including women‑led and youth‑led businesses and MSMEs operating in rural areas. Harrisons represented the European Bank for Reconstruction and Development with a team composed by: Consultant Ines Matijevic‑Papulin. Clifford Chance represented the European Bank for Reconstruction and Development with a team composed by: Clifford Chance lawyers.

Harrisons and Clifford Chance Advise EBRD on EUR 25 Million Portfolio Risk‑Sharing Facility in Montenegro

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