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    Reference: 20200193
    Release date: 3 June 2020

    Promoter – Financial Intermediary

    PROCREDIT BANK (BULGARIA) AD,PROCREDIT BANK SA

    Location

    Description

    The project concerns a dedicated EIB loan to finance eligible investments promoted by SMEs and midcaps in Romania and Bulgaria in response to COVID19 crisis.

    Objectives

    Increase availability of financing for projects carried out by enterprises operating in the industry and services sector. This operation will contribute to mitigate the negative economic effects of the pandemic and at least 30% of financed sub-projects will be dedicated to tackle climate change.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 40 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

    Under appraisal - 10/06/2020

    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).

    Related tags

    Bulgaria Romania Credit lines