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Signature(s)

Amount
€ 45,024,397.79
Countries
Sector(s)
Austria : € 45,024,397.79
Credit lines : € 45,024,397.79
Signature date(s)
9/07/2018 : € 45,024,397.79

Summary sheet

Release date
13 July 2018
Status
Reference
Signed | 09/07/2018
20160972
Project name
Promoter - financial intermediary
ERSTE MEZZANINE ABS FOR SMES AND MID-CAPS
ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 45 million
EUR 280 million
Location
Sector(s)
Description
Objectives

The project consists of a guarantee instrument provided to Erste Bank to support new lending to small and medium sized enterprises (SMEs) and Mid-Caps, based mainly in Austria.

The objective of the operation is to provide capital relief to the promoter, which would then be used to originate new loans to the SMEs and Mid-caps.

Environmental aspects
Procurement

In accordance with the EIB policy, which has to ensure that sub-loans comply with the EU legislation, Erste Bank will have to take all measures to ensure that the environment and procurement procedures carried out by benefiting SMEs and Mid-caps will comply with the relevant national and EU environment and procurement legislation.

See above.

Link to source

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).

scoreboard - ERSTE MEZZANINE ABS FOR SMES AND MID-CAPS
Publication Date
20 Jul 2018
Document Language
English
Main Topic
lending
Document Number
84809673
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20160972
Last update
20 Jul 2018
Sector(s)
Credit lines
Countries
Austria, EU Countries
Publicly available
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Link to source

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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.
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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.

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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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