Montenegro’s Development Bank (RBCG) has been recognized by Members of the European Parliament (EP) for its ability to identify and finance sustainable private-sector projects, a capability deemed crucial for the successful implementation of future EU-funded initiatives.
RBCG’s Board Chairman, Nikola Tripković, met with a delegation from the EP Committee on Budgetary Control (CONT), led by Niklas Herbst, alongside committee members and observers from the European Court of Auditors and the European Commission.
EP members highlighted RBCG’s expertise in channeling investments into Montenegro’s real economy, particularly supporting small and medium-sized enterprises (SMEs), green initiatives, and strategic sectors. Tripković noted that as a newly established institution continuing the work of the Investment and Development Fund (IRF), RBCG has invested over €2 billion in Montenegro’s economy.
RBCG focuses on financing micro, small, medium, and large enterprises, infrastructure projects, digital transformation, and green financing. Key investment sectors include tourism, manufacturing, agriculture, trade, and services. The bank aims to become a leader in funding projects that create new value, boost competitiveness, and support Montenegro’s EU integration process.
Tripković emphasized RBCG’s collaboration with the European Investment Bank (EIB), noting that through this partnership, the bank has supported over 1,550 loans totaling €520 million. He underlined that the cooperation provided not only financial backing but also significant technical expertise and knowledge transfer.
RBCG representatives also stressed the importance of EU financial instruments, including grants for less-developed municipalities and target groups such as startups, youth, and women entrepreneurs. Discussions further covered environmental projects, investments in tourism and transport, municipal development, and regional cooperation using available EU funds.
