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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)
    22/10/2020 : € 25,000,000

    Summary sheet

    Release date
    24 January 2020
    Status
    Reference
    Signed | 22/10/2020
    20180838
    Project name
    Promoter - financial intermediary
    SGEF HU COVID19 RESPONSE FOR SMES AND MIDCAPS
    SG ESZKOEZFINANSZIROZAS MAGYARORSZAG ZRT,SG ESZKOEZLIZING MAGYARORSZAG KFT
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 25 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project concerns a loan to finance projects carried out by small and medium sized projects (SMEs) and midcaps, mainly in Hungary in response to COVID-19 crisis.

    The aim is to increase availability of financing for projects carried out by enterprises operating in the industry and services sector. This operation will contribute to mitigate the negative economic effects of the COVID-19.

    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.

    Related projects

    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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