Harrisons, working with Bird & Bird, has advised the EBRD on its EUR 10 million loan to Hipotekarna Banka Podgorica, secured with EU Supranational Bonds.
According to Harrisons, the proceeds of the loan will be used by Hipotekarna Banka Podgorica to provide long-term financing for residential mortgage lending in Montenegro in accordance with the List of Minimum Standards for Residential Mortgage Lending, based on international best practices in mortgage lending.
Earlier this year, Harrisons advised EBRD on a EUR 5 million loan to NLB Komercijalna Banka (as reported by CEE Legal Matters on November 12, 2024), as well as on the financing for Alter Modus (as reported by CEE Legal Matters on September 24, 2024), on three financing facilities for Banca Intesa Beograd (as reported by CEE Legal Matters on July 17, 2024) and on its inaugural EUR 50 million loan to AIK Banka in Serbia (as reported by CEE Legal Matters on February 8, 2024). In 2023 Harrisons advised on EBRD's EUR 27.6 million loan to District Center and PKS-LATEX-HLC (as reported by CEE Legal Matters on November 20, 2023), on EBRD's EUR 5 million loan to Banca Intesa Belgrade (as reported by CEE Legal Matters on June 29, 2023), and on its EUR 4 million loan to Montenegrin retail chain Voli (as reported by CEE Legal Matters on June 15, 2023).
The Harrisons' team included Head of Banking and Finance Ines Matijevic-Papulin and Associate Mina Zeljkovic.
