Release date: 22 July 2019
Promoter – Financial Intermediary
JSC SAVINGS BANK BELARUSBANKLocation
Description
The project concerns of a loan operation enhancing access to finance to small and medium sized enterprises (SMEs) in Belarus.
Objectives
The purpose is to make resources available to finance small/medium projects carried out by SMEs in Belarus.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 85 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The EIB will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Belarusbank financing will comply with national legislation and the ElB's Environmental and Social Standards.
Procurement
The EIB will require the intermediary institution to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects receiving Belarusbank financing are in line with EIB Guide to Procurement.
Status
Signed - 22/11/2019
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).