Release date: 3 June 2020
Promoter – Financial Intermediary
PROCREDIT BANK (BULGARIA) AD,PROCREDIT BANK SALocation
Description
The project concerns a dedicated EIB loan to finance eligible investments promoted by SMEs and midcaps in Romania and Bulgaria in response to COVID19 crisis.
Objectives
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 pandemic and at least 30% of financed sub-projects will be dedicated to tackle climate change.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 40 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
Under appraisal - 10/06/2020
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).