Release date: 26 February 2013
Promoter – Financial Intermediary
SBERBANK OF RUSSIA OAOLocation
Description
A dedicated EIB loan to finance projects promoted by SMEs and Mid-Caps in Russia. Projects in fields considered as priority under the Mandate (i.e. local private sector development, development of social and economic infrastructure, and climate change mitigation and adaptation) carried out by eligible promoters of any size can also be funded, provided that financing in this area does not exceed 30% of the overall EIB loan amount.
Objectives
Improving access to term finance at favourable conditions.
Comments
This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 20/06/2013