Release date: 18 March 2005
Promoter – Financial Intermediary
AKTIA SAEAESTOEPANKKI OYJ (Aktia Savings Bank), Helsinki.Location
Description
Global loan for the financing of small and medium-sized enterprises (SMEs) in the sectors of industry, forestry, tourism and services, located throughout Finland.
Objectives
The global loan facility will help to support the development of SMEs in Finland in particular by lowering the cost of funding for participating SMEs. For those final beneficiaries located in assisted areas, it will also contribute towards regional development.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 25 million.
Total cost (Approximate amount)
Approximately EUR 50 million.
Environmental aspects
Final beneficiaries will be requested to comply with EU environmental directives and national legislation.
Procurement
Final beneficiaries will be requested to comply with EU procurement directives.
Status
Signed - 28/10/2005
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).