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Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Belarus : € 75,000,000
Credit lines : € 75,000,000
Signature date(s)
20/11/2018 : € 25,000,000
20/11/2018 : € 50,000,000
Link to source

Summary sheet

Release date
18 October 2018
Status
Reference
Signed | 20/11/2018
20170557
Project name
Promoter - financial intermediary
BELARUS PRIVATE SECTOR SUPPORT
JSC BELAGROPROMBANK,JSC SAVINGS BANK BELARUSBANK
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists of a loan for small and medium-sized enterprises (SMEs) to support private sector companies in Belarus.

This project will improve competitiveness and access to finance at favourable conditions for SMEs in Belarus.

Environmental aspects
Procurement

The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the ElB's environmental and social standards, as set out in Vol I of the EIB Environmental and Social Handbook.

The Bank will require the intermediary institution to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with EIB Guide to Procurement.

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

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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Alternatively, the EIB can be contacted through its external offices.
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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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