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PCH LOAN FOR SME AND PRIORITY PROJECTS

Signature(s)

Amount (.*)
€ 179,000,000
Countries
Sector(s)
Kosovo* : € 10,000,000
North Macedonia : € 10,000,000
Armenia : € 16,000,000
Bulgaria : € 20,000,000
Serbia : € 20,000,000
Moldova : € 21,300,000
Bosnia and Herzegovina : € 25,000,000
Georgia : € 26,700,000
Romania : € 30,000,000
Credit lines : € 179,000,000
Signature date(s)
24/05/2012 : € 1,000,000
22/06/2012 : € 1,300,000
22/06/2012 : € 1,700,000
14/11/2013 : € 10,000,000
20/12/2012 : € 10,000,000
7/06/2011 : € 10,000,000
28/10/2011 : € 15,000,000
28/10/2011 : € 15,000,000
27/04/2011 : € 20,000,000
7/06/2011 : € 20,000,000
28/10/2011 : € 20,000,000
8/08/2011 : € 25,000,000
3/05/2011 : € 30,000,000
(*) Including a € 1,700,000 Investment Grants provided by the NEIGHBOURHOOD INVESTMENT PLATFORM ,a € 1,300,000 Investment Grants provided by the NEIGHBOURHOOD INVESTMENT PLATFORM
Link to source

Summary sheet

Release date
22 June 2010
Status
Reference
Signed | 19/04/2011
20090772
Project name
Promoter - financial intermediary
PCH Loan for SMEs and Priority Projects

1. ProCredit Bank a.d. Beograd (Serbia);
2. ProCredit Bank Ukraine (Ukraine);
3. ProCredit Bank a.d. (Bulgaria);
4. ProCredit Bank SA (Romania);
5. ProCredit Bank Georgia JSC (Georgia);
6. ProCredit Bank CJSC (Armenia);
7. Bankes ProCredit SHA (Albania);
8. ProCredit SA (Moldova);
9. ProCredit Bank Kosovo (Kosovo under UNSCR 1244);
10. ProCredit Bank Macedonia (FYROM);
11. ProCredit Bank Bosnia and Herzegovina (Bosnia and Herzegovina).

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 175 million.
Not applicable.
Description
Objectives

For Member States and Western Balkans: Loan for financing small and medium-sized projects promoted by SMEs (within the Bank’s usual eligibility criteria) as well as infrastructure projects promoted by local authorities and projects for investments in the fields of knowledge economy, energy, environmental protection, health and education promoted by final beneficiaries of any size.

For Eastern Partnership Countries (Armenia, Georgia, Moldova and Ukraine), the loan aims at providing finance to SMEs, as well as to small and medium-size energy and environment projects promoted by mid-caps and public sector entities.

Make available access to long-term funds at affordable interest rates to sectors of the economy with least availability of financing – small and medium size enterprise and local authorities.

Environmental aspects
Procurement

The final intermediaries will be requested to ensure compliance of sub-projects with relevant national and EU environmental laws, as appropriate.

The financial intermediaries will be requested to ensure compliance of sub-projects with EU directives.

Link to source

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).

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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