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Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Bulgaria : € 20,000,000
Romania : € 20,000,000
Credit lines : € 40,000,000
Signature date(s)
24/11/2020 : € 20,000,000
24/11/2020 : € 20,000,000
Link to source
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Summary sheet

Release date
3 June 2020
Status
Reference
Under appraisal | 10/06/2020
20200193
Project name
Promoter - financial intermediary
PROCREDIT EU SMES MIDCAPS & CA MBIL II
PROCREDIT BANK (BULGARIA) AD,PROCREDIT BANK SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
not applicable
Location
Sector(s)
Description
Objectives

The project concerns a dedicated EIB loan to finance eligible investments promoted by SMEs and midcaps in Romania and Bulgaria in response to COVID19 crisis.

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 pandemic and at least 30% of financed sub-projects will be dedicated to tackle climate change.

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.

Media enquiries

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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