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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Austria : € 150,000,000
    Credit lines : € 150,000,000
    Signature date(s)
    15/12/2022 : € 150,000,000
    Link to source

    Summary sheet

    Release date
    20 December 2022
    Status
    Reference
    Signed | 15/12/2022
    20220114
    Project name
    Promoter - financial intermediary
    OHT LOAN FOR SMES AND MIDCAPS
    OESTERREICHISCHE HOTEL- UND TOURISMUSBANK GMBH
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project concerns a loan dedicated to small and medium size investments carried out in the tourism sector by small and medium size enterprises and mid-caps in Austria.

    Financing of small and medium projects carried out by small and medium sized enterprises and mid-caps in the tourism sector in Austria.

    Additionality and Impact

    The operation predominantly addresses access to finance constraints facing SMEs and Midcaps in the Austrian tourism sector. Implementation is handled by an intermediary (OHT) with in-depth experience with implementing EIB projects in the sector. The operation will sustain employment in the targeted sector and the operation is aligned with the EIB's Climate Action Strategy through a significant climate action target. EIB's contribution to a successful implementation of the project is based on an attractive pricing and a signalling effect that may help crowd in additional financing. 


    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).

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