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    Signature(s)

    Amount
    € 85,000,000
    Countries
    Sector(s)
    Belarus : € 85,000,000
    Credit lines : € 85,000,000
    Signature date(s)
    22/11/2019 : € 85,000,000
    Link to source

    Summary sheet

    Release date
    22 July 2019
    Status
    Reference
    Signed | 22/11/2019
    20190368
    Project name
    Promoter - financial intermediary
    BELARUSBANK LOAN FOR SMES
    JSC SAVINGS BANK BELARUSBANK
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 85 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project concerns of a loan operation enhancing access to finance to small and medium sized enterprises (SMEs) in Belarus.

    The purpose is to make resources available to finance small/medium projects carried out by SMEs in Belarus.

    Environmental aspects
    Procurement

    The EIB 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 Belarusbank financing will comply with national legislation and the ElB's Environmental and Social Standards.

    The EIB 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 receiving Belarusbank financing are in line 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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    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.
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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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