Signature(s)
Amount
€ 45,024,397.79
Countries
Sector(s)
Austria
: € 45,024,397.79
Credit lines
: € 45,024,397.79
Signature date(s)
9/07/2018 : € 45,024,397.79
Other links
Summary sheet
Release date
13 July 2018
Status
Reference
Signed | 09/07/2018
20160972
Project name
Promoter - financial intermediary
ERSTE MEZZANINE ABS FOR SMES AND MID-CAPS
ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 45 million
EUR 280 million
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The project consists of a guarantee instrument provided to Erste Bank to support new lending to small and medium sized enterprises (SMEs) and Mid-Caps, based mainly in Austria.
The objective of the operation is to provide capital relief to the promoter, which would then be used to originate new loans to the SMEs and Mid-caps.
Environmental aspects
Procurement
In accordance with the EIB policy, which has to ensure that sub-loans comply with the EU legislation, Erste Bank will have to take all measures to ensure that the environment and procurement procedures carried out by benefiting SMEs and Mid-caps will comply with the relevant national and EU environment and procurement legislation.
See above.
Related documents
scoreboard - ERSTE MEZZANINE ABS FOR SMES AND MID-CAPS
Publication Date
20 Jul 2018
Document Language
English
Main Topic
lending
Document Number
84809673
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20160972
Last update
20 Jul 2018
Sector(s)
Credit lines
Countries
Austria, EU Countries
Publicly available
Download now
Link to source
Other links