Bratislav Pejaković, Secretary General of the Association, and his team held meeting with Slaven Popović and Vladan Čurić, managers from Finance in Motion.
Association of Montenegrin Banks has made a qualitative step forward by making an agreement on cooperation with a renewable organization Finance in Motion. The Finance in Motion GmBH from Frankfurt is one of the leading global companies in the area of development financing, which focuses on sustainable economic, social and environmental development in low and medium income countries. Having about 1.7 billion euros in assets it manages through its four funds in 30 countries throughout Southeast and Eastern Europe, Middle East, North Africa and Latin America, the company relies on the support and capital of the public and private sectors’ investors. Funds managed by the company are focused on the support to micro and small business, rural development, renewable energy production and protection of natural resources in the form of debt and equity instruments from local partner institutions, and in the recent period, increasingly in the form of project financing. The European Fund for Southeast Europe (EFSE) managed by the company has been investing in Montenegro for more than a decade, and since 2016, Green for Growth Fund has been present also in Montenegro. The development centre of the EFSE operates as an independent legal person providing technical assistance for strengthening the capacities of partner institutions of the Fund, supporting the development of responsible financing through financial sector support. It also provides various types of researches focused on improving financial literacy, preventing over-indebtedness of customers, and their balanced financial inclusion.