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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Romania : € 30,000,000
    Credit lines : € 30,000,000
    Signature date(s)
    26/11/2007 : € 30,000,000
    Link to source

    Summary sheet

    Release date
    14 May 2007
    Status
    Reference
    Signed | 26/11/2007
    20070187
    Project name
    Promoter - financial intermediary
    BRD - Groupe Societe Generale Credit Line III
    BRD - GROUPE SOCIETE GENERALE SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 30 million.
    EUR 60 million.
    Location
    Sector(s)
    Description
    Objectives

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

    The credit line would contribute to the development of term finance in Romania. The credit line would provide long-term funding for eligible projects promoted by SMEs, public sector including municipal projects and leasing projects. It is intended to combine the credit line with grant schemes, subject to their availability.

    Environmental aspects
    Procurement

    Within the framework of the credit line, the Borrower will be requested to ensure compliance of the sub-projects with EU directives, as appropriate.

    Within the framework of the credit line, the Borrower will be requested to ensure compliance of the sub-projects with EU directives, in particular for the award of public sector contracts, as appropriate.

    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

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    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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    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.

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    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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