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EFSE III

Signature(s)

Amount
€ 38,249,694
Countries
Sector(s)
North Macedonia : € 2,294,981.64
Albania : € 3,442,472.46
Montenegro : € 5,737,454.1
Bosnia and Herzegovina : € 11,474,908.2
Serbia : € 15,299,877.6
Services : € 38,249,694
Signature date(s)
13/05/2013 : € 2,294,981.64
13/05/2013 : € 3,442,472.46
13/05/2013 : € 5,737,454.1
13/05/2013 : € 11,474,908.2
13/05/2013 : € 15,299,877.6
Link to source
Data sheet
EFSE III
Other links
Summary sheet
EFSE III

Summary sheet

Release date
29 November 2012
Status
Reference
Signed | 13/05/2013
20120483
Project name
Promoter - financial intermediary
EFSE III
THE EUROPEAN FUND FOR SOUTHEAST EUROPE SA SICAV-SIF
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 39 million (USD 50 million)
EUR 851 million (USD 1100 million)
Location
Sector(s)
Description
Objectives

Investment in senior A tranche of European Fund for South East Europe (EFSE), which provides financing to micro and small scale enterprises, rural and housing loans through qualified financial intermediaries.

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 and small enterprises.

Environmental aspects
Procurement

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

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

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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