March 21 (SeeNews) - The Council of Europe Development Bank (CEB) said it has approved an 8.0 million euro ($11.1 million) loan for Societe Generale Banka Montenegro for on-lending to micro, small and medium-sized companies.
“CEB funds will be used to finance the investments of manufacturing firms, particularly those focused on exports,” CEB said in a statement on Thursday.
($=0.7267 euro)