Release date: 14 May 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
The project consists of a programme loan (PL) to support working capital and liquidity needs of SMEs and midcaps in the six Western Balkans countries. The PL is part of the EIB economic response to the COVID-19 outbreak.
Objectives
The aim is to mobilise financial resources to mitigate the impact of the COVID-19 pandemic on SMEs and midcaps in the six Western Balkans countries. Sub-operations will be loans for the target beneficiaries to be made available through eligible financial intermediaries in each country.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 400 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
Approved - 26/06/2020
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).