Release date: 21 September 2009
Promoter – Financial Intermediary
Volksbank Slovensko, a.s.Location
Description
EIB loan for SMEs for financing of small and medium-sized projects carried out by SMEs in Slovakia.
Objectives
Loan for financing small and medium-sized projects carried out by SMEs in Slovakia by Volksbank Slovensko, a.s. (“VB SK”). This operation is part of the coordinated effort of the Bank with other international financial institutions - the EBRD and the World Bank - to provide up to EUR 24.5 billion to support investments of the SME sector hit by the global economic crisis in the CEE region. The transaction shall also contribute to meet the Bank’s extended commitment for SME lending for 2008-09 made at the Informal Ecofin meeting of 12/13 September 2008 at Nice.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
The Intermediary will be required to ensure that final beneficiaries undertake to comply with applicable national and EU legislation.
Procurement
The Intermediary will be required to ensure that final beneficiaries undertake to comply with applicable national and EU legislation.
Status
Signed - 17/12/2009
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).