Release date: 31 July 2007
Promoter – Financial Intermediary
Millennium Leasing Sp. z o.o.Location
Description
Financing of small-scale projects in the fields of industry and commerce, promoted mainly by SMEs.
Objectives
The credit line would contribute to the development of longer-term financing offered by the intermediary to SMEs. The proposed operation is, in essence, based on asset-backed-security models, combining EIB-funding advantages with capital and balance sheet relief for the intermediary and thus leading to improved terms for the final beneficiaries.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 80 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, as appropriate.
Procurement
The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, in particular for the award of public sector contracts, as appropriate.
Status
Signed - 14/12/2007