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ERSTE BANK AUSTRIA LOAN FOR SMES I

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Austria : € 100,000,000
Credit lines : € 100,000,000
Signature date(s)
19/05/2009 : € 100,000,000
Link to source
Data sheet
ERSTE BANK AUSTRIA LOAN FOR SMES I
Other links
Summary sheet
Erste Bank Austria Loan for SMEs I
Related press
EIB bolsters SME financing in CEE via Erste Group’s network by EUR 440 million

Summary sheet

Release date
3 March 2009
Status
Reference
Signed | 19/05/2009
20080788
Project name
Promoter - financial intermediary
Erste Bank Austria Loan for SMEs I

Erste Bank der Oesterreichischen Sparkassen AG

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 100 million.
Not applicable.
Location
Sector(s)
Description
Objectives

EIB loan for SMEs to finance small and medium-sized projects according to the Bank’s eligibility criteria, to be carried out primarily by SMEs, mainly in Austria.

Financing of investments of small/medium scale promoted notably by SMEs, mid-cap enterprises or municipalities. Through the financial intermediary, the credit line would provide long-term funding contributing to the accessability of term-finance.

Environmental aspects
Procurement

Austrian environmental legislation is fully in line with EU regulations. Within the framework of the EIB loan for SMEs, the Borrowers will be requested to ensure compliance of the sub-projects with EU directives, as appropriate.

The Austrian legislation regarding public procurement is fully in line with the EU directives. The Borrowers will be requested to ensure compliance of the sub-projects with EU directives, in particular for the award of public sector contracts, as may be appropriate.

Link to source
Summary sheet
Erste Bank Austria Loan for SMEs I
Other links
Data sheet
ERSTE BANK AUSTRIA LOAN FOR SMES I
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 AUSTRIA LOAN FOR SMES I
Summary sheet
Erste Bank Austria Loan for SMEs I

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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