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    Reference: 20150403
    Release date: 20 August 2015

    Promoter – Financial Intermediary

    SAECHSISCHE AUFBAUBANK - FOERDERBANK

    Location

    Description

    This is a multiple beneficiary Intermediated Loan to Saechsische Aufbaubank (SAB), the public regional promotional bank of the German Federal State of Saxony. The loan will be used to support SAB's promotional lending for smaller scale projects carried out by municipalities and other public sector entities or public utilities.

    Objectives

    The project will help to finance smaller projects carried out by municipalities and other public sector entities or public utilities in order to support sustainable growth in the Free State of Saxony which is largely an EIB Cohesion Priority Region.

    Comments

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

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

    Procurement

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

    Status

    Signed - 27/10/2017

    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

    Germany Credit lines