Signature(s)
Summary sheet
Magyarországi Volksbank Rt.
Rákóczi út 7
H-1088 Budapest
Financing of small- and medium-scale projects in the field of energy, environmental protection, infrastructure (including health, education, urban renewal and social housing - if integrated in well-defined urban rehabilitation schemes), industry, creative and cultural services and tourism.
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 eligible projects promoted notably by small and medium sized enterprises (SMEs) or local municipalities/authorities/associations.
The financial intermediaries will be requested to ensure compliance of the sub-projects with EU Directives, as appropriate.
The financial intermediaries will be requested to ensure compliance of the sub-projects with EU Directives, in particular for the award of public sector contracts, as appropriate.