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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Germany : € 100,000,000
    Credit lines : € 100,000,000
    Signature date(s)
    26/11/2019 : € 50,000,000
    16/12/2020 : € 50,000,000

    Summary sheet

    Release date
    10 July 2019
    Status
    Reference
    Signed | 26/11/2019
    20190043
    Project name
    Promoter - financial intermediary
    SAB KOMMUNALE INVESTITIONEN SACHSEN MBIL
    SAECHSISCHE AUFBAUBANK - FOERDERBANK
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    Multiple Beneficiary Intermediated Loan to the public regional promotional bank Saechsische Aufbaubank (SAB) in support of its promotional lending to finance smaller scale projects carried out by municipalities and other public sector entities - including their subsidiaries - in order to support sustainable growth in the Free State of Saxony which is largely an EIB Cohesion Priority Region.

    The project will help to finance smaller projects carried out by municipalities and other public sector entities or public utilities in order to support sustainable growth in the Free State of Saxony which is largely an EIB Cohesion Priority Region.

    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).

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