Release date: 27 April 2006
Promoter – Financial Intermediary
Hypo Alpe-Adria-Bank AD Beograd and
Hypo Alpe-Adria-Bank AD Podgorica
Description
Credit line for financing of limited scale projects of small and medium-sized enterprises and local infrastructure projects of local authorities.
Objectives
Make available access to long-term funds at affordable interest rates to sectors of economy with least availability of financing – small and medium size enterprises and local authorities.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The financial intermediaries will be requested to ensure compliance of the sub-projects with relevant national and EU environmental laws, as appropriate.
Procurement
The financial intermediaries will be requested to ensure compliance of the sub-projects with EU directives, in particular for the award of public sector contracts, as may be appropriate.
Status
Signed - 7/12/2006
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).