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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Germany : € 200,000,000
Credit lines : € 200,000,000
Signature date(s)
27/05/2020 : € 200,000,000

Summary sheet

Release date
30 January 2020
Status
Reference
Signed | 27/05/2020
20180006
Project name
Promoter - financial intermediary
ILB FOERDERUNG BRANDENBURG FUER KMU UND MID-CAPS
INVESTITIONSBANK DES LANDES BRANDENBURG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists of a Multiple Beneficiary Intermediated Loan - Global Loan to finance schemes providing support to small and medium sized enterprises (SMEs) and midcaps in the EIB Cohesion Priority Region.

The aim is to enhance the economic development of the Land Brandenburg, increase its economic resistance and creation of jobs at SME and midcap level.

Environmental aspects
Procurement

The Federal State of Brandenburg shall undertake that its implementing agent will only finance eligible final beneficiaries who fully comply with the EU's EIA Directive and applicable environmental law.

The Federal State of Brandenburg shall undertake that its implementing agent will only deploy EIB financing towards Final Beneficiaries which are private companies not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement

Comments

Under appraisal

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.

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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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