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    Reference: 20120375
    Release date: 22 November 2012

    Promoter – Financial Intermediary

    PROMINVESTBANK

    Location

    Description

    A dedicated EIB loan to finance projects promoted by SMEs. Projects in fields considered as priority under the Mandate (i.e. local private sector development, development of social and economic infrastructure, and climate change mitigation and adaptation) carried out by eligible promoters of any size can also be funded, provided that financing thereof does not exceed 30% of the overall EIB loan amount.

    Objectives

    Support of local economy through the provision of long-term funding to small and medium sized counterparts.

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 21/12/2012

    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).

    Related tags

    Ukraine Credit lines