Release date: 13 January 2005
Promoter – Financial Intermediary
Ministry of Finance.Location
Description
EIB’s loan to Diákhitel Központ Rt. would be onlent to university students to finance part of the costs of their expenses associated with their university studies.
Objectives
To provide financing for the following priorities: to increase investment in human capital, to increase access to higher education for a wider range of the student population, including those who have more limited financial means to pursue their studies, to increase labour employability, mobility and productivity, and to reduce long-term unemployment.
In addition, the project contributes to the realization of the objectives defined in the framework of the Bank's Innovation 2010 Initiative, supporting social cohesion, the development of the knowledge-based economy and the attainment of a common market of educated people.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
The projected total lending volume of Diákhitel for the period 2005-2007 is HUF 68 billion (EUR 265 million equivalent).
Environmental aspects
N/A
Procurement
N/A
Status
Signed - 12/05/2005
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).