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    Signature(s)

    Amount
    € 25,000,000
    Countries
    Sector(s)
    Hungary : € 25,000,000
    Credit lines : € 25,000,000
    Signature date(s)
    25/09/2018 : € 25,000,000

    Summary sheet

    Release date
    19 April 2018
    Status
    Reference
    Signed | 25/09/2018
    20160360
    Project name
    Promoter - financial intermediary
    BUDAPEST BANK ENHANCED SUPPORT FOR SMES&MIDCAPS
    BUDAPEST BANK ZRT
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 25 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the financing of small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) and mid-caps in Hungary.

    This intermediated loan will improve competitiveness and access to finance at favourable conditions for Hungarian SMEs and mid-caps.

    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.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    scoreboard - BUDAPEST BANK ENHANCED SUPPORT FOR SMES&MIDCAPS
    Publication Date
    20 Jul 2018
    Document Language
    English
    Main Topic
    lending
    Document Number
    84612680
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20160360
    Last update
    20 Jul 2018
    Sector(s)
    Credit lines
    Countries
    Hungary
    Publicly available
    Download now

    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.

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