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        ESB LOAN FOR SMES MIDCAPS AND OTHER PRIORITIES

        Signature(s)

        Amount
        € 100,000,000
        Countries
        Sector(s)
        Croatia : € 100,000,000
        Credit lines : € 100,000,000
        Signature date(s)
        19/12/2019 : € 100,000,000

        Summary sheet

        Release date
        5 June 2019
        Status
        Reference
        Signed | 19/12/2019
        20180554
        Project name
        Promoter - financial intermediary
        ESB LOAN FOR SMES MIDCAPS AND OTHER PRIORITIES
        ERSTE & STEIERMAERKISCHE BANK DD,ERSTE UND STEIERMAERKISCHE S-LEASING DOO
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 100 million
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        The project consists of a dedicated loan to finance eligible investments promoted by small and medium-sized enterprises (SMEs) and mid-caps, for at least 70% of the facility amount, operating in the manufacturing, tourism, services and agriculture sectors mainly in Croatia, although eligible investments by SMEs in other EU countries are not excluded. Up to 30% of the loan amount could be dedicated to eligible projects promoted by public sector entities within the infrastructure, innovation and climate action objectives, and by other private sector entities.

        The loan will include dedicated lending under the "Jobs for Youth" programme that may provide more favourable economic conditions to eligible SMEs and mid-caps.

        Environmental aspects
        Procurement

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

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

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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