Loan for financing small and medium-sized projects carried out primarily by SMEs (at least 70%), local authorities and mid-cap enterprises and financial beneficiaries of any size for investments of limited scale in the fields of the knowledge economy, energy and environmental protection mainly in Hungary.
Objectives
The proposed transaction will support the lines of action identified through the SME consultation process endorsed by the Board of Directors in June 2008. This transaction will take account of the new characteristics of the EIB loan for SME financing (as approved by the Board of 23 September), which should foster the utilisation of the facility while ensuring that the Bank’s value added fully reaches the final beneficiaries. Finally, the transaction shall also contribute to meet the Bank’s extended commitment for SME lending made at the Informal Ecofin meeting of 12/13 September 2008 at Nice.
Comments
Sector(s)
Credit lines
Proposed EIB finance (Approximate amount)
Up to EUR 100 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
The Intermediary will be required to ensure compliance of projects financed under the loan with applicable national and EU legislation.
Procurement
The Intermediary will be required to ensure compliance of projects financed under the loan with applicable national and EU legislation.
Status
Signed
-
01/07/2010.
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.
