Release date: 3 March 2009
Promoter – Financial Intermediary
Erste Bank der Oesterreichischen Sparkassen AG
Location
Description
EIB loan for SMEs to finance small and medium-sized projects according to the Bank’s eligibility criteria, to be carried out primarily by SMEs, mainly in Austria.
Objectives
Financing of investments of small/medium scale promoted notably by SMEs, mid-cap enterprises or municipalities. Through the financial intermediary, the credit line would provide long-term funding contributing to the accessability of term-finance.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Austrian environmental legislation is fully in line with EU regulations. Within the framework of the EIB loan for SMEs, the Borrowers will be requested to ensure compliance of the sub-projects with EU directives, as appropriate.
Procurement
The Austrian legislation regarding public procurement is fully in line with the EU directives. The Borrowers 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 - 19/05/2009
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).