Signature(s)
Amount
€ 40,000,000
Countries
Sector(s)
Credit lines
: € 40,000,000
Signature date(s)
24/11/2020 : € 20,000,000
24/11/2020 : € 20,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
3 June 2020
Status
Reference
Under appraisal | 10/06/2020
20200193
Project name
Promoter - financial intermediary
PROCREDIT EU SMES MIDCAPS & CA MBIL II
PROCREDIT BANK (BULGARIA) AD,PROCREDIT BANK SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The project concerns a dedicated EIB loan to finance eligible investments promoted by SMEs and midcaps in Romania and Bulgaria in response to COVID19 crisis.
Increase availability of financing for projects carried out by enterprises operating in the industry and services sector. This operation will contribute to mitigate the negative economic effects of the pandemic and at least 30% of financed sub-projects will be dedicated to tackle climate change.
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.
Link to source
Summary sheet
Other links
Data sheet