Release date: 16 June 2009
Promoter – Financial Intermediary
Piraeus Bank Romania SA (for the part of the loan earmarked for Romania).
Piraeus Bank Bulgaria AD (for the part of the loan earmarked for Bulgaria).
Location
Description
EIB Loan for SMEs financing small and medium-scale projects consisting of fixed and movable productive assets in the fields of energy, environment, infrastructure, development of a knowledge-based economy, industry, tourism, as well as services in Romania and Bulgaria, promoted by small and medium-sized enterprises and other business entities.
Objectives
The loan would contribute to the development of term finance available to SMEs and other selected business entities in Romania and Bulgaria by providing long term lending resources for eligible projects.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million. for Piraeus Bank Romania SA. Up to EUR 40 million. for Piraeus Bank Bulgaria AD
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 18/12/2009
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).