Release date: 30 March 2009
Promoter – Financial Intermediary
Sächsische Aufbaubank (SAB)Location
Description
European credit line for SMEs for SAB's promotional programs dedicated to SME financing in line with the Board Decision of 23.09.2008 (CA/419/08).
Objectives
The proposed operation is dedicated entirely to the financing of SMEs. As such, it will support schemes, which although being eligible, cannot be addressed by the Bank directly, due to their small individual size. The proposed operation is eligible under Article 267 a) and c) of the EC treaty.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The intermediary will undertake to ensure that the respective SMEs confirm that all relevant authorisations have been obtained to comply with relevant EU and national laws on environment.
Procurement
The side letter provided to this effect will ensure that procurement for each financed scheme will be in compliance with national legislation.
Status
Signed - 28/07/2010
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).