EIB loan for SMEs for financing of small and medium-sized projects carried out by SMEs in Slovakia.
Objectives
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.
Comments
Sector(s)
Services
Proposed EIB finance (Approximate amount)
Up to EUR 50 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
The Intermediary will be required to ensure that final beneficiaries undertake to comply with applicable national and EU legislation.
Procurement
The Intermediary will be required to ensure that final beneficiaries undertake to comply with applicable national and EU legislation.
Status
Signed
-
17/12/2009.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding 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, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to 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 or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
