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    Signature(s)

    Amount
    € 170,000,000
    Countries
    Sector(s)
    Bulgaria : € 10,000,000
    Moldova : € 10,000,000
    North Macedonia : € 10,000,000
    Georgia : € 15,000,000
    Bosnia and Herzegovina : € 15,000,000
    Romania : € 20,000,000
    Serbia : € 30,000,000
    Ukraine : € 60,000,000
    Credit lines : € 170,000,000
    Signature date(s)
    8/01/2018 : € 5,000,000
    30/11/2017 : € 10,000,000
    11/02/2016 : € 10,000,000
    22/12/2017 : € 10,000,000
    4/04/2016 : € 10,000,000
    14/10/2015 : € 15,000,000
    19/10/2017 : € 20,000,000
    7/06/2017 : € 30,000,000
    26/10/2017 : € 60,000,000

    Summary sheet

    Release date
    24 March 2015
    Status
    Reference
    Signed | 14/10/2015
    20140513
    Project name
    Promoter - financial intermediary
    PROCREDIT LOAN FOR SME AND PRIORITY PROJECTS II
    PROCREDIT BANK SHA (ALBANIA), PROCREDIT BANK DD (BOSNIA AND HERZEGOVINA), PROCREDIT BANK SHA (KOSOVO), PROCREDIT BANK AD BEOGRAD (SERBIA), PROCREDIT BANK AD SKOPJE (FYROM), PROCREDIT BANK (SA) ROMANIA, PROCREDIT BANK (BULGARIA) EAD (BULGARIA), PROCREDIT BANK GEORGIA JSC (GEORGIA), BANCA COMERCIALA PROCREDIT BANK SA (MOLDOVA), PROCREDIT BANK JSC (UKRAINE)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 170 million
    Not applicable.
    Description
    Objectives

    Loan for small and medium-sized projects promoted by small and medium-sized enterprises (SMEs), Mid-Caps and other private or public sector entities

    Financing of small and medium-sized projects carried out by SMEs, Mid-Caps, public sector entities and other beneficiaries in EIB-eligible sectors of the economy.

    Environmental aspects
    Procurement

    The financial intermediary will undertake to promote compliance of the sub-projects with relevant national and EU law as appropriate.

    The financial intermediaries will be requested to ensure compliance of sub-projects with EU directives, as and where applicable.

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    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).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    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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