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IBA LOAN FOR SMES AND MID-CAPS

Summary sheet

Release date
25 November 2014
Status
Reference
Signed | 16/09/2015
20140553
Project name
Promoter - financial intermediary
IBA LOAN FOR SMES AND MID-CAPS
THE INTERNATIONAL BANK OF AZERBAIJAN OJSC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
not applicable
Location
Sector(s)
Description
Objectives

A dedicated EIB loan to finance projects promoted mainly by small and medium-sized enterprises (SMEs) and Mid-Cap corporates in the Republic of Azerbaijan.

Improving access to term finance at favourable conditions through financing of small/medium projects carried out mainly by small and medium-sized enterprises (SMEs) and Mid-Cap corporates.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Under ELM Guarantee
Comments

This operation is covered by the ELM Guarantee.

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Link to source
Summary sheet
IBA LOAN FOR SMES AND MID-CAPS
Other links
Related press
Azerbaijan: EIB lends 50 million to support private sector

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
Azerbaijan: EIB lends 50 million to support private sector
Other links
Summary sheet
IBA LOAN FOR SMES AND MID-CAPS

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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