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EFSE II

Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
Albania : € 779,100
North Macedonia : € 2,337,600
Montenegro : € 4,675,200
Serbia : € 10,212,300
Bosnia and Herzegovina : € 11,995,800
Services : € 30,000,000
Signature date(s)
9/07/2010 : € 779,100
9/07/2010 : € 2,337,600
9/07/2010 : € 4,675,200
9/07/2010 : € 10,212,300
9/07/2010 : € 11,995,800
Link to source
Data sheet
EFSE II
Other links
Summary sheet
EFSE II

Summary sheet

Release date
10 November 2009
Status
Reference
Signed | 09/07/2010
20090587
Project name
Promoter - financial intermediary
EFSE II

European Fund for South East Europe
SA, SICAV-SIF
c/o Citibank International
Atrium Business Park
31 za Bourmicht
L-8070 Bertrange
Grand Duchy of Luxembourg

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 30 million
At the end of first semester 2009, total investor commitments amounted to EUR 640 million
Location
Sector(s)
Description
Objectives

Investement in the A senior tranche of EFSE.

EFSE aims to complement financial support provided by the local financial sector and by the development finance institutions active in the region through the sustainable provision of additional finance to micro, small and medium size enterprises.

Environmental aspects
Procurement

Environmental covenants already agreed by other reputable IFIs (EBRD, KfW and IFC) who have similar environmental procedures to the EIB, will be inserted in the Bank’s legal documentation.

Procurement procedures already agreed by other reputable IFIs (EBRD, KfW and IFC) who have similar procurement rules to the EIB, will be inserted in the Bank’s legal documentation.

Link to source
Summary sheet
EFSE II
Other links
Data sheet
EFSE II

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 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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