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    Signature(s)

    Amount (.*)
    € 179,000,000
    Countries
    Sector(s)
    Kosovo* : € 10,000,000
    North Macedonia : € 10,000,000
    Armenia : € 16,000,000
    Bulgaria : € 20,000,000
    Serbia : € 20,000,000
    Moldova, Republic of : € 21,300,000
    Bosnia and Herzegovina : € 25,000,000
    Georgia : € 26,700,000
    Romania : € 30,000,000
    Credit lines : € 179,000,000
    Signature date(s)
    24/05/2012 : € 1,000,000
    22/06/2012 : € 1,300,000
    22/06/2012 : € 1,700,000
    14/11/2013 : € 10,000,000
    20/12/2012 : € 10,000,000
    7/06/2011 : € 10,000,000
    28/10/2011 : € 15,000,000
    28/10/2011 : € 15,000,000
    27/04/2011 : € 20,000,000
    7/06/2011 : € 20,000,000
    28/10/2011 : € 20,000,000
    8/08/2011 : € 25,000,000
    3/05/2011 : € 30,000,000
    (*) Including a € 1,700,000 Investment Grants provided by the NEIGHBOURHOOD INVESTMENT PLATFORM ,a € 1,300,000 Investment Grants provided by the NEIGHBOURHOOD INVESTMENT PLATFORM
    Link to source

    Summary sheet

    Release date
    22 June 2010
    Status
    Reference
    Signed | 19/04/2011
    20090772
    Project name
    Promoter - financial intermediary
    PCH Loan for SMEs and Priority Projects

    1. ProCredit Bank a.d. Beograd (Serbia);
    2. ProCredit Bank Ukraine (Ukraine);
    3. ProCredit Bank a.d. (Bulgaria);
    4. ProCredit Bank SA (Romania);
    5. ProCredit Bank Georgia JSC (Georgia);
    6. ProCredit Bank CJSC (Armenia);
    7. Bankes ProCredit SHA (Albania);
    8. ProCredit SA (Moldova);
    9. ProCredit Bank Kosovo (Kosovo under UNSCR 1244);
    10. ProCredit Bank Macedonia (FYROM);
    11. ProCredit Bank Bosnia and Herzegovina (Bosnia and Herzegovina).

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 175 million.
    Not applicable.
    Description
    Objectives

    For Member States and Western Balkans: Loan for financing small and medium-sized projects promoted by SMEs (within the Bank’s usual eligibility criteria) as well as infrastructure projects promoted by local authorities and projects for investments in the fields of knowledge economy, energy, environmental protection, health and education promoted by final beneficiaries of any size.

    For Eastern Partnership Countries (Armenia, Georgia, Moldova and Ukraine), the loan aims at providing finance to SMEs, as well as to small and medium-size energy and environment projects promoted by mid-caps and public sector entities.

    Make available access to long-term funds at affordable interest rates to sectors of the economy with least availability of financing – small and medium size enterprise and local authorities.

    Environmental aspects
    Procurement

    The final intermediaries will be requested to ensure compliance of sub-projects with relevant national and EU environmental laws, as appropriate.

    The financial intermediaries will be requested to ensure compliance of sub-projects with EU directives.

    Link to source

    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).

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