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        VOLKSBANK SK LOAN FOR SMES I

        Signature(s)

        Amount
        € 50,000,000
        Countries
        Sector(s)
        Slovakia : € 50,000,000
        Credit lines : € 50,000,000
        Signature date(s)
        17/12/2009 : € 50,000,000

        Summary sheet

        Release date
        21 September 2009
        Status
        Reference
        Signed | 17/12/2009
        20080793
        Project name
        Promoter - financial intermediary
        VOLKSBANK SK Loan for SMES I
        Volksbank Slovensko, a.s.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 50 million
        Not applicable
        Location
        Sector(s)
        Description
        Objectives

        EIB loan for SMEs for financing of small and medium-sized projects carried out by SMEs in Slovakia.

        Loan for financing small and medium-sized projects carried out by SMEs in Slovakia by Volksbank Slovensko, a.s. (“VB SK”). This operation is part of the coordinated effort of the Bank with other international financial institutions - the EBRD and the World Bank - to provide up to EUR 24.5 billion to support investments of the SME sector hit by the global economic crisis in the CEE region. The transaction shall also contribute to meet the Bank’s extended commitment for SME lending for 2008-09 made at the Informal Ecofin meeting of 12/13 September 2008 at Nice.

        Environmental aspects
        Procurement

        The Intermediary will be required to ensure that final beneficiaries undertake to comply with applicable national and EU legislation.

        The Intermediary will be required to ensure that final beneficiaries undertake to comply with applicable national and EU legislation.

        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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