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Reference: 20160972
Release date: 13 July 2018

Promoter – Financial Intermediary

ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG

Location

Description

The project consists of a guarantee instrument provided to Erste Bank to support new lending to small and medium sized enterprises (SMEs) and Mid-Caps, based mainly in Austria.

Objectives

The objective of the operation is to provide capital relief to the promoter, which would then be used to originate new loans to the SMEs and Mid-caps.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 45 million

Total cost (Approximate amount)

EUR 280 million

Environmental aspects

In accordance with the EIB policy, which has to ensure that sub-loans comply with the EU legislation, Erste Bank will have to take all measures to ensure that the environment and procurement procedures carried out by benefiting SMEs and Mid-caps will comply with the relevant national and EU environment and procurement legislation.

Procurement

See above.

Status

Signed - 9/07/2018

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

Austria EU Countries Credit lines