Release date: 19 April 2023
Promoter – Financial Intermediary
OTP BANK NYRTLocation
Description
The project consists in a multiple beneficiary intermediated loan (MBIL) to finance eligible investments promoted by small and medium sized enterprises (SMEs) and Midcaps in Hungary.
Objectives
The aim is to enhance access to loan finance for the target beneficiaries, dedicating at least 20% of the resources to support Climate Action projects.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 150 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 - 2/01/2023
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).