PCH Loan for SMEs and Priority Projects

Promoter – Financial Intermediary

1. ProCredit Bank a.d. Beograd (Serbia);
2. ProCredit Bank Ukraine (Ukraine);
3. ProCredit Bank a.d. (Bulgaria);
4. ProCredit Bank SA (Romania);
5. ProCredit Bank Georgia JSC (Georgia);
6. ProCredit Bank CJSC (Armenia);
7. Bankes ProCredit SHA (Albania);
8. ProCredit SA (Moldova);
9. ProCredit Bank Kosovo (Kosovo under UNSCR 1244);
10. ProCredit Bank Macedonia (FYROM);
11. ProCredit Bank Bosnia and Herzegovina (Bosnia and Herzegovina).

Location

• Serbia
• Ukraine
• Bulgaria
• Georgia
• Armenia
• Albania
• Moldova
• North Macedonia
• Bosnia and Herzegovina
• Romania

Description

For Member States and Western Balkans: Loan 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 knowledge economy, energy, environmental protection, health and education promoted by final beneficiaries of any size.

For Eastern Partnership Countries (Armenia, Georgia, Moldova and Ukraine), the loan aims at providing finance to SMEs, as well as to small and medium-size energy and environment projects promoted by mid-caps and public sector entities.

Objectives

Make available access to long-term funds at affordable interest rates to sectors of the economy with least availability of financing – small and medium size enterprise and local authorities.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 175 million.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

The final intermediaries will be requested to ensure compliance of sub-projects with relevant national and EU environmental laws, as appropriate.

Procurement

The financial intermediaries will be requested to ensure compliance of sub-projects with EU directives.

Status

Signed - 19/04/2011