Release date: 6 July 2009
Promoter – Financial Intermediary
Erste Bank a.d. Novi Sad
Location
Description
Credit line for financing small and medium-sized projects promoted by SMEs (within the Bank’s usual eligibility criteria) as well as infrastructure projects promoted by local authorities and projects for investments in the fields of the knowledge economy, energy, environmental protection, health and education promoted by final beneficiaries of any size.
Objectives
Make available access to long-term funds at affordable interest rates to sectors of economy with least availability of financing – small and medium size enterprise and local authorities.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 25 million.
Total cost (Approximate amount)
EUR 50 million.
Environmental aspects
The final intermediaries will be requested to ensure compliance of projects with relevant national and EU environmental laws, as appropriate.
Procurement
The financial intermediaries will be requested to ensure compliance of projects with EU directives.
Status
Signed - 26/01/2010
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).