Release date: 13 July 2018
Promoter – Financial Intermediary
ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AGLocation
Description
The project consists of a guarantee instrument provided to Erste Bank to support new lending to small and medium sized enterprises (SMEs) and Mid-Caps, based mainly in Austria.
Objectives
The objective of the operation is to provide capital relief to the promoter, which would then be used to originate new loans to the SMEs and Mid-caps.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 45 million
Total cost (Approximate amount)
EUR 280 million
Environmental aspects
In accordance with the EIB policy, which has to ensure that sub-loans comply with the EU legislation, Erste Bank will have to take all measures to ensure that the environment and procurement procedures carried out by benefiting SMEs and Mid-caps will comply with the relevant national and EU environment and procurement legislation.
Procurement
See above.
Status
Signed - 9/07/2018
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).