Following its strong nine-month performance, RBCG announced plans — reported by Monte.news — to extend up to €200 million in financing by the end of 2025. The move reflects both demand and necessity. Private-sector credit remains fragile, with commercial banks applying stricter lending standards due to global financial uncertainty and higher perceived risks in Montenegro’s SME landscape.
The development bank’s programmes are increasingly becoming a central pillar of the national investment framework. Key sectors benefiting from expanded credit include agribusiness, manufacturing, tourism infrastructure, logistics services and renewable-energy technologies. The broad scope underscores a strategic intent: to stimulate a more diversified and export-capable economy.
SMEs are the primary beneficiaries. Montenegro’s SME sector accounts for the majority of employment but often lacks access to long-term financing. Monte.business emphasised that many businesses rely on seasonal cash flows, making traditional lending models unsuitable. RBCG’s flexible structures — grace periods, partial guarantees, and lower collateral requirements — are enabling firms to invest in digitalisation, equipment and workforce development.
The risk, however, lies in scale. At €200 million, RBCG’s portfolio is approaching levels where the state must pay close attention to governance and credit quality. Development banks globally have struggled when political influence overrides risk assessment. For Montenegro, transparency and adherence to EU financial norms will be essential.
If managed well, this lending expansion could accelerate Montenegro’s transition toward a more resilient and modern economy. If mismanaged, it could add fiscal vulnerabilities. The coming year will show whether the institution can balance ambition with discipline.
