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Reference: 20030248
Release date: 2 September 2003

Promoter – Financial Intermediary

Hungarian Development Bank ltd

Location

Description

Financing of small- and medium-scale projects in the field of environmental protection, energy savings, infrastructure (incl. health and education), industry, services or tourism.

Objectives

The global loan would contribute to the development of term finance in Hungary. Through the financial intermediary, the global loan would provide long-term funding for eligible projects promoted notably by SMEs or local municipalities.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

Minimum EUR 100 million

Environmental aspects

The financial intermediary will be requested to ensure compliance of the sub-projects with relevant national and EU Directives, as appropriate.

Procurement

The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, in particular for the award of public sector contracts, as appropriate.

Status

Signed - 8/12/2003

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Hungary Credit lines