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Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
Austria : € 30,000,000
Credit lines : € 30,000,000
Signature date(s)
29/07/2024 : € 30,000,000

Summary sheet

Release date
14 February 2024
Status
Reference
Signed | 29/07/2024
20230757
Project name
Promoter - financial intermediary
HYPO BANK BURGENLAND LOAN FOR SMES AND MIDCAPS
HYPO-BANK BURGENLAND AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
not applicable
Location
Sector(s)
Description
Objectives

The project concerns a loan dedicated to small and medium size investments carried out mainly in the region of Burgenland, Austria, by small and medium sized enterprises (SMEs) and mid-caps.

The aim is to enhance access to finance for SMEs and mid-caps.

Additionality and Impact

The project contributes to the Bank's lending priority objectives on SMEs, as well as on climate action and cohesion. Through an intermediated approach, the Bank will reach SMEs and MidCaps financing small and mid-size projects, which could otherwise not be reached. In addition, the operation supports the financial intermediary's sustainability strategy, increasing its lending in the sector and diversifying its funding sources. The project addresses a number of market failures: From the continuously existing and further widening financing gap stemming from higher interest rates for SMEs to the gap in long tenor financing for Climate Action projects. EIB is providing adequate financing sources in terms of pricing and longer maturities, whilst contributing to the diversification of the funding base. The EIB's contribution will be most visible on the financial contribution side by accelerating the fundraising and crowding in other financiers.

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.

Milestone
Under appraisal
Approved
Signed
4 June 2024
29 July 2024

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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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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