Release date: 9 September 2020
Promoter – Financial Intermediary
SLOVENSKA SPORITEL'NA AS
Location
Description
This is an operation to support small and medium-sized enterprises (SME) and mid-caps in Slovakia as a response to COVID-19. EIB will guarantee the mezzanine tranche of a synthetic securitisation of a portfolio of SME loans originated by Slovenska Sporitelna (SLSP) to mitigate the negative economic effects of COVID-19.
Objectives
Through this financial operation, the EIB will guarantee the mezzanine tranche of a synthetic securitisation of a loan portfolio originated by SLOVENSKA SPORITEL'NA AS (SLSP). The aim is to enhance access to finance for SMEs and mid-caps in Slovakia to mitigate the negative economic effects of COVID-19.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 48 million
Total cost (Approximate amount)
EUR 839 million
Environmental aspects
In line with EIB policy, which has to ensure that sub-loans comply with the EU legislation, Slovenska Sporitelna 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
In line with EIB policy, which has to ensure that sub-loans comply with the EU legislation, Slovenska Sporitelna 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.
Status
Signed - 7/12/2020
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).