Harrisons has advised the EBRD on EUR 10 million in financing for Alter Modus.
Alter Modus is a Montenegrin microfinance organisation. According to Harrisons, the financing aims to "support young entrepreneurs, women in business, and micro, small and medium-sized enterprises. EBRD will provide financing for three different projects, totaling EUR 10 million: a) up to EUR 4 million financing under EBRD’s Financial Intermediaries Framework; b) EUR 2 million loan under EBRD’s Youth in Business program, for on-lending to companies owned or managed by entrepreneurs under the age of 35 to help them surpass the obstacles in accessing finance, and c) EUR 4 million loan under the Women in Business program Western Balkans – Phase II."
Earlier in 2024, Harrisons advised EBRD on three financing facilities for Banca Intesa Beograd (as reported by CEE Legal Matters on July 17, 2024) as well as 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 Principal Mark Harrison, Head of Banking and Finance Ines Matijevic-Papulin, and Associate Mina Zeljkovic.
