Hipotekarna Bank has won the Most Active Bank in Montenegro in 2016 award from the European Bank for Reconstruction and Development's (EBRD) Trade Facilitation Program.
Hipotekarna Bank has participated in the Trade Facilitation Program since November 2014.
“We are proud to see our work is recognized by the European Bank for Reconstruction and Development," Ana Golubovic, director of corporate relations for Hipotekarna Bank said in a press release. "This award is a proof we are heading in the right direction to actively contribute to the economic growth while the program itself enhances our capacity to secure trade financing and give businessmen the kind of support they need in order to step up their import-export activities. The cooperation with EBRD made it possible for us to fund a broader scope of activities in Montenegro, which is extremely important given the current needs of the SME sector as they are key to sustainable growth and creation of new jobs."
EBRD's director for the Western Balkans region, Holger Muent, congratulated the bank for the award.
“We congratulate to Hipotekarna Bank for the award. The bank is an important EBRD partner in the region. This award emphasizes the commitment of Hipotekarna Bank to facilitate international and intra-regional trade and cross-border economic integration as one of EBRD’s strategic priorities for the Western Balkans," Muent said.
The EBRD’s Trade Facilitation Program began in 1999 and currently includes 96 partner banks from 26 countries. The EBRD offers guarantees to help international banks cut political and commercial risks in international transactions.