Release date: 5 February 2019
Promoter – Financial Intermediary
BLACK SEA TRADE AND DEVELOPMENT BANKLocation
Description
The project is financing loan for small and medium-sized enterprises (SMEs) and Mid-Caps in favour of Black Sea Trade and Development Bank (BSTDB), a regional multilateral development bank which has the mandate to foster economic growth and regional cooperation in the Black Sea region.
Objectives
The line of credit is intended to support the availability of term finance to SMEs and Mid-Caps operating in the private sector.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
In accordance with the EIB's policy to ensure that sub-loans comply with the EU policies, in particular in the field of environment, BSTDB will be required to take all the measures to ensure that the sub-projects undertaken by SMEs and Mid-Caps will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal - 6/10/2017
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).