Signature(s)
Summary sheet
- Industry - Manufacturing
Credit line for Northstar Europe SA, an export buyers' platform located in Luxembourg, supporting European SMEs and small Mid-caps exporting high-tech production equipment mainly outside the EU.
The final beneficiaries for this operation are European SME and mid-cap exporters as well as importers in overseas markets. The advantage of buyer export credits to exporter SMEs is that they can promote exports by enabling funding to their end-clients. There is no recourse to the exporter SMEs on the underlying export buyers' loans. This is generally considered a key success factor to sell abroad sophisticated and relatively expensive equipment. For importers, buyers' credit allows existing credit lines with their local commercial banks to be preserved and used for standard financing requirements such as working capital. The proposed operation fulfils an identified market gap (as documented by the EU Council Working Group on Export Credits) as neither commercial banks nor public promotional banks in most EU member countries are currently capable of providing small credit buyer credits below EUR 5m.
Potential environmental & social risks identified at appraisal will be mitigated by adapting the contract and/or side-letter with allocation conditions pertinent for this promoter and regions of the final beneficiaries in line with requirements in the relevant EU Directives.
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement. However, the operation will be limited to private sector entities only. Consequently, there are no public-procurement-related concerns.
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
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 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.
Related publications