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    Signature(s)

    Amount
    € 250,000,000
    Countries
    Sector(s)
    The Netherlands : € 250,000,000
    Credit lines : € 250,000,000
    Signature date(s)
    26/08/2021 : € 250,000,000

    Summary sheet

    Release date
    19 March 2021
    Status
    Reference
    Signed | 26/08/2021
    20200060
    Project name
    Promoter - financial intermediary
    RABOBANK IMPACT LOAN FOR SMES AND MIDCAPS VI
    COOPERATIEVE RABOBANK UA,RABO FACTORING BV,RABO LEASE BV
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 250 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    Financing of small scale projects carried out by small and medium-sized enterprises (SMEs) and mid-caps with high relevance in terms of sustainability and/or social impact

    Financing of small/medium projects carried out by small and medium-sized enterprises.

    Additionality and Impact

    The project supports the financing of small-scale projects carried out by SMEs and Mid-Caps with a particular focus on sustainability and/or social impact in the Netherlands. The project makes a very good policy contribution, as it addresses constraints in access to finance for SMEs and Mid-Caps and gears attention to Climate Action & Environmental Sustainability (CA&ES) and social impact. The expected results include improvements in access to finance and financing conditions for final beneficiaries, especially the frontrunners in the targeted policy areas of social impact and CA&ES, as well as additional advantages, such as sector certification. Risks to achieving the results are mitigated by the soundness of the intermediary within the operating environment and its implementation capacity, which is considered excellent as demonstrated by the intermediary's track record under previous EIB facilities. Notwithstanding the limitations of the current interest rate environment, the EIB contribution is solid ? financial benefit coupled with longer maturity on the financial side, and ongoing engagement between EIB and the intermediary on CA&ES on the non-financial side. The EIB has played a cornerstone role in the scheme and is thus sending a signal to the market on the viability of projects built around CA&ES and social impact.

    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).

    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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    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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