Release date: 24 February 2009
Promoter – Financial Intermediary
Slovak Guarantee and Development Bank
Location
Description
Dedicated credit line for SME’s in the Slovak Republic.
Objectives
The proposed credit line is fully consistent with the EU objectives and responds to the definition of SME and convergence financing as a strategic priority objectives for the Bank. The credit line is expected to be mainly utilised for the financing of investments in the industry and services sectors promoted by SMEs, supporting the increased lending target of the Bank for this priority objective. The proposed credit line is therefore eligible under Article 267 paragraph (c) of the EC Treaty.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Intermediary will be required to ensure compliance of projects financed under the EIB credit line with applicable national and EU legislation.
Procurement
The Intermediary will be required to ensure compliance of projects financed under the EIB credit line with applicable national and EU legislation.
Status
Signed - 15/07/2009
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).