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    Signature(s)

    Amount
    € 56,100,000
    Countries
    Sector(s)
    Austria : € 56,100,000
    Industry : € 56,100,000
    Signature date(s)
    20/11/2020 : € 56,100,000

    Summary sheet

    Release date
    25 June 2020
    Status
    Reference
    Signed | 20/11/2020
    20190901
    Project name
    Promoter - financial intermediary
    HYPO VORARLBERG COVID-19 ENHANCED SUPPORT FOR EE
    HYPO VORARLBERG BANK AG
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 56 million
    EUR 150 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists in a loan substitute operation in the form of a guarantee covering the mezzanine tranche on a granular SME portfolio originate by Hypo Vorarlberg. The guarantee instrument is designed to facilitate the financial intermediary to finance new loans dedicated to energy efficiency investments and development of highly energy efficient buildings across Austria.

    The aim is to support the financing of new loans targeting the construction of new highly energy efficient buildings and energy efficiency investments in existing buildings.

    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).

    scoreboard - HYPO VORARLBERG COVID-19 ENHANCED SUPPORT FOR EE
    Publication Date
    23 Oct 2020
    Document Language
    English
    Main Topic
    lending
    Document Number
    134388644
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20190901
    Last update
    24 Oct 2020
    Sector(s)
    Industry
    Countries
    Austria
    Publicly available
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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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