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BSTDB LOAN FOR SMES AND MID-CAPS

Signature(s)

Amount
€ 17,500,000
Countries
Sector(s)
Bulgaria : € 4,375,000
Romania : € 4,375,000
Greece : € 8,750,000
Credit lines : € 17,500,000
Signature date(s)
16/07/2019 : € 4,375,000
16/07/2019 : € 4,375,000
16/07/2019 : € 8,750,000
Link to source
Data sheet
BSTDB LOAN FOR SMES AND MID-CAPS
Other links
Summary sheet
BSTDB LOAN FOR SMES AND MIDCAPS

Summary sheet

Release date
5 February 2019
Status
Reference
Under appraisal | 06/10/2017
20170575
Project name
Promoter - financial intermediary
BSTDB LOAN FOR SMES AND MIDCAPS
BLACK SEA TRADE AND DEVELOPMENT BANK
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
Not applicable.
Location
Sector(s)
Description
Objectives

The project is financing loan for small and medium-sized enterprises (SMEs) and Mid-Caps in favour of Black Sea Trade and Development Bank (BSTDB), a regional multilateral development bank which has the mandate to foster economic growth and regional cooperation in the Black Sea region.

The line of credit is intended to support the availability of term finance to SMEs and Mid-Caps operating in the private sector.

Environmental aspects
Procurement

In accordance with the EIB's policy to ensure that sub-loans comply with the EU policies, in particular in the field of environment, BSTDB will be required to take all the measures to ensure that the sub-projects undertaken by SMEs and Mid-Caps will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Link to source
Summary sheet
BSTDB LOAN FOR SMES AND MIDCAPS
Other links
Data sheet
BSTDB LOAN FOR SMES AND MID-CAPS

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.

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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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