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OHT LOAN FOR SMES AND MIDCAPS

Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Austria : € 150,000,000
Credit lines : € 150,000,000
Signature date(s)
15/12/2022 : € 150,000,000
Link to source

Summary sheet

Release date
20 December 2022
Status
Reference
Signed | 15/12/2022
20220114
Project name
Promoter - financial intermediary
OHT LOAN FOR SMES AND MIDCAPS
OESTERREICHISCHE HOTEL- UND TOURISMUSBANK GMBH
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
not applicable
Location
Sector(s)
Description
Objectives

The project concerns a loan dedicated to small and medium size investments carried out in the tourism sector by small and medium size enterprises and mid-caps in Austria.

Financing of small and medium projects carried out by small and medium sized enterprises and mid-caps in the tourism sector in Austria.

Additionality and Impact

The operation predominantly addresses access to finance constraints facing SMEs and Midcaps in the Austrian tourism sector. Implementation is handled by an intermediary (OHT) with in-depth experience with implementing EIB projects in the sector. The operation will sustain employment in the targeted sector and the operation is aligned with the EIB's Climate Action Strategy through a significant climate action target. EIB's contribution to a successful implementation of the project is based on an attractive pricing and a signalling effect that may help crowd in additional financing. 


Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

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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