Release date: 6 July 2020
Promoter – Financial Intermediary
BANCA COMERCIALA PROCREDIT BANK SA,JSC PROCREDIT BANK,PROCREDIT BANK JSCLocation
Description
Dedicated EIB loan in support of small and medium-sized enterprises (SMEs) and midcaps in Ukraine, Moldova and Georgia. As part of the overall response to COVID-19, the operation will support the financial intermediaries with temporary emergency measures to facilitate the provision of liquidity to SMEs and midcaps and thereby contribute to mitigating the impact of the economic shock.
Objectives
Financing of small and medium-sized projects carried out by SMEs and midcaps in EIB-eligible sectors of the economy.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Political Risk Guarantee.
Proposed EIB finance (Approximate amount)
EUR 55 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 - 18/12/2020
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).