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Signature(s)

Amount
€ 15,000,000
Countries
Sector(s)
Bulgaria : € 15,000,000
Credit lines : € 15,000,000
Signature date(s)
27/08/2007 : € 15,000,000
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Summary sheet

Release date
16 February 2007
Status
Reference
Signed | 27/08/2007
20060478
Project name
Promoter - financial intermediary
United Bulgarian Bank Global Loan

United Bulgarian Bank AD
Sofia.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 15 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Small and medium scale projects in the fields of energy savings, environmental protection, infrastructure (incl. health, education, social housing), development of a knowledge-based economy, industry, services and tourist industry in Bulgaria.

The loan targets the financing of SME’s, public sector authorities including municipalities and projects of private and public promoters of any size and ownership in the fields of i2i, energy and environmental protection, Mid-cap enterprises.

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.

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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.

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 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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