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    Signature(s)

    Amount
    € 15,000,000
    Countries
    Sector(s)
    Romania : € 15,000,000
    Credit lines : € 15,000,000
    Signature date(s)
    11/05/2020 : € 7,500,000
    9/07/2021 : € 7,500,000
    Link to source

    Summary sheet

    Release date
    28 October 2019
    Status
    Reference
    Signed | 11/05/2020
    20190478
    Project name
    Promoter - financial intermediary
    AGRICOVER LOAN FOR SMES II
    AGRICOVER CREDIT IFN SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 15 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project consists of an additional operation with a Financial Intermediary serving in the agricultural finance industry.

    The aim is to improve access to finance for SMEs operating in the agricultural sector. The operation will target EFSI eligibility.

    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.

    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 - AGRICOVER LOAN FOR SMES II
    Publication Date
    17 Mar 2020
    Document Language
    English
    Main Topic
    lending
    Document Number
    129134461
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20190478
    Last update
    17 Mar 2020
    Sector(s)
    Credit lines
    Countries
    Romania
    Publicly available
    Download now
    Link to source

    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.

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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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