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    Reference: 20050443
    Release date: 27 April 2006

    Promoter – Financial Intermediary

    Tutunska Banka AD

    Location

    Description

    Credit line for financing of limited scale projects of small and medium enterprises and local infrastructure projects of local authorities.

    Objectives

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

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 20 million.

    Total cost (Approximate amount)

    Not Applicable.

    Environmental aspects

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

    Procurement

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

    Status

    Signed - 23/11/2006

    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

    North Macedonia Credit lines