Release date: 24 January 2020
Promoter – Financial Intermediary
SG ESZKOEZFINANSZIROZAS MAGYARORSZAG ZRT,SG ESZKOEZLIZING MAGYARORSZAG KFTLocation
Description
The project concerns a loan to finance projects carried out by small and medium sized projects (SMEs) and midcaps, mainly in Hungary in response to COVID-19 crisis.
Objectives
The aim is to increase availability of financing for projects carried out by enterprises operating in the industry and services sector. This operation will contribute to mitigate the negative economic effects of the COVID-19.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 25 million
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 - 22/10/2020
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).