Signature(s)
Amount
€ 20,000,000
Countries
Sector(s)
Latvia
: € 20,000,000
Credit lines
: € 20,000,000
Signature date(s)
15/05/2003 : € 10,000,000
6/07/2004 : € 10,000,000
Link to source
Data sheet
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Summary sheet
Release date
31 March 2003
Status
Reference
Signed | 15/05/2003
20030103
Project name
Promoter - financial intermediary
Pirma Banka Global Loan II
A/S Pirma Banka
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 20 million
Minimum EUR 40 million
Location
Sector(s)
Description
Objectives
Financing of small- and medium-scale projects in the field of environmental protection, energy savings, infrastructure, industry, services or tourism.
The global loan would contribute to the development of term finance in Latvia. Through the financial intermediary, the global loan would provide long-term funding for eligible projects promoted notably by SMEs or local municipalities.
Environmental aspects
Procurement
The financial intermediary will be requested to ensure compliance of the sub-projects with relevant national and EU Directives, as appropriate.
The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, in particular for the award of public sector contracts, as appropriate.
Comments
Projects in various sectors.
Link to source
Summary sheet
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News & Stories
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