Release date: 30 August 2010
Promoter – Financial Intermediary
Bank Millennium S. A.
Location
Description
Line of credit for financing of small and medium sized ventures undertaken by eligible private and public sector promoters in Poland.
Objectives
The loan will provide an alternative source of funding to strengthen the productivity and competitiveness of municipalities and SMEs in Poland.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
In accordance with the Bank's policy to ensure that sub-loans comply with the Community acquis, in particular in the fields of environment, the intermediary shall stipulate with the Final Beneficiary that sub-projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.
Procurement
In accordance with the Bank's policy to ensure that sub-loans comply with the Community acquis, in particular in the fields of public procurement, the intermediary shall stipulate with the Final Beneficiary that sub-projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.
The legal documentation will oblige the intermediary bank to ensure that any procurement procedures are done in accordance with EIB Guidelines and the relevant applicable EU rules.
Status
Signed - 9/12/2010