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    Summary sheet

    Release date
    25 October 2021
    Approved | 15/12/2021
    Project name
    Promoter - financial intermediary
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 58 million
    not applicable

    Programme loan dedicated to supporting local businesses who commit to generating greater socio-economic impact and sustainable growth in the Western Balkans.

    The programme loan supports small and medium-sized enterprises (SMEs) and mid-caps (including social enterprises) who commit to generating positive socio-economic impact and contribute towards strengthening economic resilience and sustainable growth in the Western Balkans. The operation aims to enhance the prospects of more resilient and inclusive growth, by creating sustainable employment opportunities and encouraging social inclusion, particularly for young people, women and socio-economic marginalised groups. An improved economic resilience in the region would make both the local and hosted communities less vulnerable to shocks and crises as well as address some of the potential drivers of immigration.

    Environmental aspects

    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.

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    A number of financial intermediaries have already been identified for this programme loan, including some of the Bank's existing partners implementing multi-beneficiary intermediated loan (MBIL) operations as well as potential new partners. They are all reputable institutions, members of prominent European banking groups and leading banks in their respective markets, most of which with long experience in implementing intermediated SME lending, with reliable processes and procedures in place


    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).

    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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