Release date: 12 September 2012
Promoter – Financial Intermediary
UNICREDIT BULBANK AD (Bulgaria)UNICREDIT TIRIAC BANK SA (Romania)
Location
Description
Loan for SMEs, Mid-Caps and other priorities to Unicredit Bank Austria's banking subsidiaries in Bulgaria (Unicredit Bulbank AD) and Romania (Unicredit Tiriac Bank SA). The loan to Unicredit Bulbank AD Bulgaria will be granted for an amount of up to EUR 60 million. The loan to Unicredit Tiriac Bank SA Romania will be granted for an amount of up to EUR 150 million.
Objectives
Improving access to term financing at favourable conditions for the financing of small and medium-sized projects carried out by small and medium sized enterprises, Mid-caps, public sector entities and other beneficiaries in EIB eligible sectors of the economy.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 210 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The financial intermediary will undertake to promote compliance of the sub-projects with relevant national and EU law. as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 17/12/2012
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).