Release date: 11 August 2004
Promoter – Financial Intermediary
Citibank Rt. and Citibusiness Leasing Rt.Location
Description
Financing of small- and medium-sized enterprises and private or public promoters of any size for energy and energy savings, environmental protection, infrastructure (including health, education, urban renewal and social housing), industry, services (including creative and cultural services) and tourism projects in Hungary
Objectives
The global loan would contribute to the development of term finance in Hungary. Through the financial intermediary, the global loan would provide long-term funding for small- and medium sized enterprises (SMEs) and for promoters undertaking investment projects (Sub-Projects) within the scope of the Project description.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 60 million minimum.
Environmental aspects
The financial intermediaries will be requested to ensure compliance of the Sub-projects with EU Directives
Procurement
The financial intermediaries will be requested to ensure compliance of the Sub-projects with EU Directives, in particular for the award of the public sector contracts
Status
Signed - 23/07/2004
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).