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RAIFFEISEN BANK HUNGARY GL III

Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Hungary : € 50,000,000
Credit lines : € 50,000,000
Signature date(s)
30/04/2004 : € 50,000,000
Link to source
Data sheet
RAIFFEISEN BANK HUNGARY GL III
Other links
Summary sheet
Raiffeisen Bank Hungary Global Loan III
Related press
EIB provides loans in Hungary exceeding EUR 650 million

Summary sheet

Release date
16 July 2003
Status
Reference
Signed | 30/04/2004
20020185
Project name
Promoter - financial intermediary
Raiffeisen Bank Hungary Global Loan III

Raiffeisen Bank Rt.
Akadémia u.6
H-1054 Budapest
Contact person:Mr. István VASS
Senior Manager
Tel. +36 1 484 4546

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
Minimum EUR 100 million
Location
Sector(s)
Description
Objectives

Financing of small- and medium-scale projects in the field of energy and energy savings, environmental protection, infrastructure (including municipal, health and education, urban renewal and social housing, if integrated in well-defined urban rehabilitation schemes), industry, services (including creative and cultural services) and tourism 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 eligible projects promoted notably by small and medium sized enterprises (SMEs) or local municipalities/ authorities/ associations.

Environmental aspects
Procurement

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.

Comments

Financial.

Link to source
Summary sheet
Raiffeisen Bank Hungary Global Loan III
Other links
Data sheet
RAIFFEISEN BANK HUNGARY GL III
Related press
EIB provides loans in Hungary exceeding EUR 650 million

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

Link to source
Related press
EIB provides loans in Hungary exceeding EUR 650 million
Other links
Data sheet
RAIFFEISEN BANK HUNGARY GL III
Summary sheet
Raiffeisen Bank Hungary Global Loan III

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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.

Zero tolerance against fraud and corruption

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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