BAKU, Azerbaijan, March 14. The European Bank
for Reconstruction and Development (EBRD) is providing a 12 million
euro loan to Crnogorska Komercijalna Banka (CKB) to support green
finance for businesses and homeowners in Montenegro, Trend reports.
The funding, backed by grants from the European Union and Japan,
aims to improve energy efficiency and reduce CO2 emissions.
Of the total amount, 7 million euros will be allocated to small
and medium-sized enterprises (SMEs) for investments in energy and
resource efficiency, as well as renewable energy. These businesses
will also be eligible for EU-funded grant incentives, including
cashback grants of up to 15% for renewable energy and agribusiness
projects.
The remaining 5 million euros will support homeowners in
adopting energy-efficient technologies such as insulation, heat
pumps, and solar panels. They will receive cashback grants covering
up to 20% of loan costs upon successful project completion.
This initiative is part of the EBRD’s Green Economy Financing
Facility (GEFF) and the EU-supported SME Go Green Programme, which
promote sustainability in the Western Balkans. Since 2006, the EBRD
has invested 933 million euros in Montenegro across 96 projects,
focusing on competitiveness, green transition, and regional
integration.