Release date: 30 January 2004
Promoter – Financial Intermediary
1. Bremer Landesbank, Kreditanstalt Oldenburg Girozentrale Bremen
2. HSH Nordbank
3. Norddeutsche Landesbank Girozentrale, Hannover
Location
Description
Projects carried out by small and medium-sized companies (SME). A particular importance will be given to projects located in eastern Germany, which is an objective 1 area, as well as objective 2 areas. The excellent quality of the Bank’s counterparts’ reporting will allow a transparent allocation of resources.Ventures will be located mainly in Northern Germany. Other areas in Germany and other EU member and Accession countries are not targeted, but should, however, not be excluded in this operation. As HSH Nordbank AG Copenhagen branch has expressed particular interest in targeting SMEs in Scandinavia, this might become of increasing importance.
Objectives
Global loan for the financing of small and medium sized projects in the fields of environmental protection and rational use of energy.
Comments
Regional development and SMEs.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of project costs.
Total cost (Approximate amount)
Up to EUR 200 m.
Environmental aspects
Compliance with EU environmental directives and national laws shall be ensured.
Procurement
For the award of public contracts the EU tender directives are to be followed.
Status
Signed - 2/07/2004