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CIB GL III

Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Hungary : € 150,000,000
Credit lines : € 150,000,000
Signature date(s)
25/03/2008 : € 50,000,000
15/07/2009 : € 100,000,000
Link to source
Data sheet
CIB GL III
Other links
Summary sheet
CIB Credit Line III

Summary sheet

Release date
27 April 2007
Status
Reference
Signed | 25/03/2008
20060514
Project name
Promoter - financial intermediary
CIB Credit Line III
CIB BANK
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 150 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Credit line to EIB financial intermediary for financing of projects in Hungary.

To finance SMEs and projects of limited scale in the field of infrastructure, industry and services in Hungary.

Environmental aspects
Procurement

Projects financed under the global loan will have to comply with relevant Hungarian and EU environment regulation.

Projects financed under the global loan will have to comply with the relevant Hungarian and EU public procurement regulation.

Comments

Sectors eligible under credit lines, including environmental protection and improvement, rational use of energy, health and education, development of knowledge-based economy and public infrastructure, industry and services.

Link to source
Summary sheet
CIB Credit Line III
Other links
Data sheet
CIB GL III

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning 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, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the 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 and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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