Signature(s)
Amount
€ 112,756,521.1
Countries
Sector(s)
Russia
: € 112,756,521.1
Credit lines
: € 112,756,521.1
Signature date(s)
20/06/2013 : € 112,756,521.1
Link to source
Other links
Summary sheet
Release date
22 April 2013
Status
Reference
Signed | 20/06/2013
20130169
Project name
Promoter - financial intermediary
VEB ENTREPRENEURSHIP FUND FOR SMES AND MID-CAPS
BANK FOR DEVELOPMENT AND FOREIGN ECONOMIC AFFAIRS (VNESHECONOMBANK)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 113 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
A dedicated EIB fund to finance projects promoted by SMEs and mid-caps in Russia. This international fund aims to support entrepreneurship in Russia and is being set up by VEB and the German promotional bank Kreditandstalt für Wiederaufbau (KfW).
Support to the local economy through the provision of long-term financing in particular to small and medium-sized enterprises (SMEs) and mid-cap companies.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Link to source
Summary sheet
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News & Stories
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