BULBANK LRS ENHANCED SUPPORT

Projektträger – zwischengeschaltetes Finanzinstitut

UNICREDIT BULBANK AD

Ort

• Bulgarien

Beschreibung

Operation supporting mid-caps in Bulgaria in sectors which are in line with the EIB's long-term mission.

Additionality and Impact

This Linked risk sharing operation is designed to provide support to mid-caps in order to foster access to liquidity and contribute to long-term economic growth in Bulgaria. The operation addresses the underlying market failure in access to finance faced by Final Beneficiaries due to information asymmetries and credit considerations on the side of the Financial Intermediaries. Given the economic uncertainty exacerbated by supply chain constraints, inflation, rising interest rates, energy security constraints and the lasting effects of the pandemic the proposed risk sharing operation may alleviate some of the pressures faced by the real economy. The EIB contribution enables UniCredit Bulbank to reach beneficiaries that are not covered by any of the existing guarantee schemes currently available in Bulgaria. The EIB contribution rests on assuming credit risks and thereby allowing the Financial Intermediary to engage into transactions that it would not have engaged in without the EIB's intervention due to for example capital or credit risk related limitations. The final benficiaries will benefit from the above additional lending made available by UniCredit Bulbank at typically beneficial terms, in the form of reduced interest rates, longer maturities and/or lower collateral requirements.

Ziele

Linked risk sharing operation in support of Bulgarian mid-caps in sectors that are in line with the EIB's long-term mission (innovation, environment and indirect support for small and medium-sized enterprises).

Sektor(en)

• Durchleitungsdarlehen - Durchleitungsdarlehen

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

EUR 100 million

Gesamtkosten (voraussichtlicher Betrag)

EUR 280 million

Umweltaspekte

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

Auftragsvergabe

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

Projektstatus

Unterzeichnet - 22/12/2022