corporate_banner_en

Slovenia: EIB provides EUR 350 million for SME and mid-cap projects

Projects
Regions
European Union
Enlargement countries
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Maximizing synergies
Financing & advisory services
Loans
Private equity
Advisory services
FEMIP Support Package
Procurement for TA operations
How to apply
Trust Fund
Technical advisory
Private equity
Organisation and staff
FEMIP Internship Programme
FEMIP Secondment Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Examples of EPTATF Operations
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Carbon finance
Activities
Financial instruments and advice
Climate Mainstreaming
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin & Central America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Organisation and Programme
Programme
Methodology
Criteria
Rating scale
Process
Reports
Operations
Overview
Publications and reports
Cooperation and Coordination
ECG
European Financial Institutions
European Commission
Contacts

Slovenia: EIB provides EUR 350 million for SME and mid-cap projects

  •  Release date: 05 December 2013
  •  Reference: 2013-214-EN

The European Investment Bank (EIB) is granting two loans to the Slovene Export and Development Bank (SID banka):

  • EUR 300 million to support smaller projects promoted usually by SMEs and mid-cap companies
  • EUR 50 million to co-finance investments in the sectors of energy efficiency and renewable energy implemented by public and private companies and natural persons

EIB Vice-President László Baranyay commented: “Support for the financing of projects implemented by SMEs and mid-cap companies is the key policy objective of the EIB in Slovenia, as the SME and mid-cap sector represents the engine of growth and innovation. In its cooperation with SID banka – the key partner of the EIB and a crucial player in the Slovenian economy – the EIB ensures that the benefits of it providing loans on favourable terms reach eligible promoters”.

SID banka’s President and CEO Sibil Svilan commented: “The majority of the Loan for SMEs will be used to fund the special SID Banka – Slovenian Government’s Programme for SMEs worth EUR 500 million, which operates as a financial engineering instrument by blending public and private funds aimed at providing the Slovenian economy with much needed favourable financing. And with the energy efficiency and renewable energies loan we will complement and upgrade existing measures in order to boost the investments in this field.”

These operations represent a continuation of the fruitful cooperation between the EIB and SID banka. Thanks to the loans signed today, which bring EIB lending to SID banka to some EUR 1 billion, SID banka once again becomes the EIB’s partner in supporting the projects of SMEs and investments in renewable energy and energy efficiency, after having successfully intermediated the EIB funding for projects in the automotive, knowledge economy, infrastructure and environment sectors.

The intermediated loans signed today are being extended under the Joint IFI Action Plan for Growth in Central and South Eastern Europe, which is focused on providing better access to long-term finance for Europe's SMEs in order to mitigate the effects of the financial crisis. Those funds will support growth by enhancing long-term competitiveness through increased availability of long-term credit.






 Print
 Pdf
Copyright © European Investment Bank 2013
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/press/2013/2013-214-eib-provides-eur-350-million-for-sme-and-mid-cap-projects-in-slovenia.htm