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Summary sheet

Release date
29 January 2025
Status
Reference
Approved | 28/03/2025
20240805
Project name
Promoter - financial intermediary
HYPO NOE FLOOD EMERGENCY RECOVERY MBIL
HYPO NOE LANDESBANK FUER NIEDEROESTERREICH UND WIEN AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
not applicable
Location
Sector(s)
Description
Objectives

The operation will finance the reconstruction following the severe floods in Austria, as well as preventive measures to enhance flood resilience against future floods, of small and medium-sized enterprises (SMEs), mid-caps and public sector entities (PSEs).

The aim is to finance small/medium projects carried out by the final beneficiaries.

Environmental aspects
Procurement

The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance" procedures. A detailed assessment of the Promoter's E&S procedures and capacity acc. to the Standard 11 standards still needs to be carried out.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Milestone
Approved
28 March 2025
Related projects
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).

Documents

Environmental and Social Data Sheet (ESDS) - HYPO NOE FLOOD EMERGENCY RECOVERY MBIL
Publication Date
5 Apr 2025
Document language
Main Topic
Lending
Document Number
241883421
Document Focus
Environmental Information
Project Number
20240805
Sector(s)
Regions
Countries
Publicly available
Download now

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