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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Germany : € 50,000,000
Credit lines : € 50,000,000
Signature date(s)
2/07/2004 : € 25,000,000
1/12/2004 : € 25,000,000
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Summary sheet

Release date
30 January 2004
Status
Reference
Signed | 02/07/2004
20030362
Project name
Promoter - financial intermediary
Northern German Banks KMU GD

1. Bremer Landesbank, Kreditanstalt Oldenburg  Girozentrale Bremen
2. HSH Nordbank
3. Norddeutsche Landesbank Girozentrale, Hannover

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50% of project costs.
Up to EUR 200 m.
Location
Sector(s)
Description
Objectives

Projects carried out by small and medium-sized companies (SME). A particular importance will be given to projects located in eastern Germany, which is an objective 1 area, as well as objective 2 areas. The excellent quality of the Bank’s counterparts’ reporting will allow a transparent allocation of resources.Ventures will be located mainly in Northern Germany. Other areas in Germany and other EU member and Accession countries are not targeted, but should, however, not be excluded in this operation. As HSH Nordbank AG Copenhagen branch has expressed particular interest in targeting SMEs in Scandinavia, this might become of increasing importance.

Global loan for the financing of small and medium sized projects in the fields of environmental protection and rational use of energy.

Environmental aspects
Procurement

Compliance with EU environmental directives and national laws shall be ensured.

For the award of public contracts the EU tender directives are to be followed.

Comments

Regional development and SMEs.

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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).

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.

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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 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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