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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Hungary : € 30,000,000
    Credit lines : € 30,000,000
    Signature date(s)
    23/07/2004 : € 15,000,000
    23/07/2004 : € 15,000,000
    Link to source

    Summary sheet

    Release date
    11 August 2004
    Status
    Reference
    Signed | 23/07/2004
    20000301
    Project name
    Promoter - financial intermediary
    Citibank Global Loan
    Citibank Rt. and Citibusiness Leasing Rt.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million
    EUR 60 million minimum.
    Location
    Sector(s)
    Description
    Objectives

    Financing of small- and medium-sized enterprises and private or public promoters of any size for energy and energy savings, environmental protection, infrastructure (including health, education, urban renewal and social housing), industry, services (including creative and cultural services) and tourism projects in Hungary

    The global loan would contribute to the development of term finance in Hungary. Through the financial intermediary, the global loan would provide long-term funding for small- and medium sized enterprises (SMEs) and for promoters undertaking investment projects (Sub-Projects) within the scope of the Project description.

    Environmental aspects
    Procurement

    The financial intermediaries will be requested to ensure compliance of the Sub-projects with EU Directives

    The financial intermediaries will be requested to ensure compliance of the Sub-projects with EU Directives, in particular for the award of the public sector contracts

    Link to source
    Summary sheet

    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).

    News & Stories

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    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.

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    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.

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    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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