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    Reference: 20030248
    Release date: 2 September 2003

    Promoter – Financial Intermediary

    Hungarian Development Bank ltd

    Location

    Description

    Financing of small- and medium-scale projects in the field of environmental protection, energy savings, infrastructure (incl. health and education), industry, services or tourism.

    Objectives

    The global loan would contribute to the development of term finance in Hungary. Through the financial intermediary, the global loan would provide long-term funding for eligible projects promoted notably by SMEs or local municipalities.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    Minimum EUR 100 million

    Environmental aspects

    The financial intermediary will be requested to ensure compliance of the sub-projects with relevant national and EU Directives, as appropriate.

    Procurement

    The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, in particular for the award of public sector contracts, as appropriate.

    Status

    Signed - 8/12/2003

    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).

    Related tags

    Hungary Credit lines