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        BSTDB LOAN FOR SMES AND MID-CAPS

        Signature(s)

        Amount
        € 50,000,000
        Countries
        Sector(s)
        Bulgaria : € 12,500,000
        Romania : € 12,500,000
        Greece : € 25,000,000
        Linee di credito : € 50,000,000
        Signature date(s)
        16/07/2019 : € 12,500,000
        16/07/2019 : € 12,500,000
        16/07/2019 : € 25,000,000

        Summary sheet

        Release date
        5 February 2019
        Status
        Reference
        Under appraisal | 06/10/2017
        20170575
        Project name
        Promoter - financial intermediary
        BSTDB LOAN FOR SMES AND MIDCAPS
        BLACK SEA TRADE AND DEVELOPMENT BANK
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 50 million
        Not applicable.
        Location
        Sector(s)
        Description
        Objectives

        The project is financing loan for small and medium-sized enterprises (SMEs) and Mid-Caps in favour of Black Sea Trade and Development Bank (BSTDB), a regional multilateral development bank which has the mandate to foster economic growth and regional cooperation in the Black Sea region.

        The line of credit is intended to support the availability of term finance to SMEs and Mid-Caps operating in the private sector.

        Environmental aspects
        Procurement

        In accordance with the EIB's policy to ensure that sub-loans comply with the EU policies, in particular in the field of environment, BSTDB will be required to take all the measures to ensure that the sub-projects undertaken by SMEs and Mid-Caps will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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