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ERSTE BANK ENHANCED SME AND MIDCAP SUPPORT

Signature(s)

Amount
€ 49,014,882.12
Countries
Sector(s)
Austria : € 49,014,882.12
Credit lines : € 49,014,882.12
Signature date(s)
20/12/2023 : € 49,014,882.12
Link to source
Data sheet
ERSTE BANK ENHANCED SME AND MIDCAP SUPPORT
Other links
Summary sheet
ERSTE BANK ENHANCED SME AND MIDCAP SUPPORT
Parent project
EU PROGRAMME LOAN FOR ABS OPERATIONS

Summary sheet

Release date
28 December 2023
Status
Reference
Signed | 20/12/2023
20220874
Project name
Promoter - financial intermediary
ERSTE BANK ENHANCED SME AND MIDCAP SUPPORT
ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 70 million
EUR 476 million
Location
Sector(s)
Description
Objectives

The project consists of a guarantee on an existing portfolio of assets, aimed at supporting new financing for small and medium-sized enterprises (SMEs) in Austria.

Mezzanine ABS Guarantee on an existing portfolio of assets, aimed at supporting new financing for small and medium-sized enterprises (SMEs) in Austria.

Environmental aspects
Procurement

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

See above.

Milestone
Under appraisal
Approved
Signed
10 October 2023
20 December 2023
Related projects
Parent project
EU PROGRAMME LOAN FOR ABS OPERATIONS
Link to source
Summary sheet
ERSTE BANK ENHANCED SME AND MIDCAP SUPPORT
Other links
Data sheet
ERSTE BANK ENHANCED SME AND MIDCAP SUPPORT

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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