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ERSTE BANK HUNGARY GL II.

Signature(s)

Amount
€ 80,000,000
Countries
Sector(s)
Hungary : € 80,000,000
Credit lines : € 80,000,000
Signature date(s)
2/04/2009 : € 40,000,000
2/07/2007 : € 40,000,000
Link to source
Data sheet
ERSTE BANK HUNGARY GL II.
Other links
Summary sheet
Erste Bank Hungary GL II.
Related press
EIB bolsters SME financing in CEE via Erste Group’s network by EUR 440 million

Summary sheet

Release date
10 April 2006
Status
Reference
Signed | 02/07/2007
20040069
Project name
Promoter - financial intermediary
Erste Bank Hungary GL II.

ERSTE BANK
Rumbach S. u. 19-21.
H-1075 Budapest
Hungary

Mrs Edit Papp, Member of the Board of Directors
Tel.: +36 (1) 488-1203

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 80 million.
Not Applicable.
Location
Sector(s)
Description
Objectives

Global Loan.

The financing of eligible small and medium sized projects promoted by small and medium sized enterprises (SMEs) or other private and public promoters.

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 the public sector contracts, as appropriate.

Comments

Sectors eligible under global loans, including environment, infrastructure, development of knowledge-based economy, rational use of energy, health, education, urban renewal, industry, services, tourism.

Link to source
Summary sheet
Erste Bank Hungary GL II.
Other links
Data sheet
ERSTE BANK HUNGARY GL II.
Related press
EIB bolsters SME financing in CEE via Erste Group’s network by EUR 440 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 bolsters SME financing in CEE via Erste Group’s network by EUR 440 million
Other links
Data sheet
ERSTE BANK HUNGARY GL II.
Summary sheet
Erste Bank Hungary GL II.

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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