PROCREDIT LOAN FOR SME AND PRIORITY PROJECTS II

Promoter – Financial Intermediary

PROCREDIT BANK SHA (ALBANIA), PROCREDIT BANK DD (BOSNIA AND HERZEGOVINA), PROCREDIT BANK SHA (KOSOVO), PROCREDIT BANK AD BEOGRAD (SERBIA), PROCREDIT BANK AD SKOPJE (FYROM), PROCREDIT BANK (SA) ROMANIA, PROCREDIT BANK (BULGARIA) EAD (BULGARIA), PROCREDIT BANK GEORGIA JSC (GEORGIA), BANCA COMERCIALA PROCREDIT BANK SA (MOLDOVA), PROCREDIT BANK JSC (UKRAINE)

Location

• Romania
• Albania
• Kosovo*
• Bosnia and Herzegovina
• Moldova
• Georgia
• Ukraine
• Serbia
• Bulgaria
• North Macedonia

Description

Loan for small and medium-sized projects promoted by small and medium-sized enterprises (SMEs), Mid-Caps and other private or public sector entities

Objectives

Financing of small and medium-sized projects carried out by SMEs, Mid-Caps, public sector entities and other beneficiaries in EIB-eligible sectors of the economy.

Comments

This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 170 million

Total cost (Approximate amount)

Not applicable.

Environmental aspects

The financial intermediary will undertake to promote compliance of the sub-projects with relevant national and EU law as appropriate.

Procurement

The financial intermediaries will be requested to ensure compliance of sub-projects with EU directives, as and where applicable.

Status

Signed - 14/10/2015