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    Reference: 20200317
    Release date: 2 September 2020

    Promoter – Financial Intermediary

    UNICREDIT BANK HUNGARY ZRT,UNICREDIT LEASING HUNGARY PENZUGYI SZOLGALTATO ZARTKORUEN MUKODO RESZVENYTARSASAG

    Location

    Description

    Operation under the EU PL RESPONSE TO COVID19 CRISIS FOR SME&MIDCAPS (2020-0225) for small and medium-sized enterprises (SMEs) and mid-caps by utilising either i) loan substitute (covered bond purchase) or ii) multiple beneficiary intermediated loan (MBIL) to support UniCredit Bank Hungary ZRt. and its leasing subsidiary's lending to SMEs and mid-caps mainly in Hungary.

    Objectives

    Financing of small/medium projects carried out by SMEs and mid-caps. This operation will contribute to mitigating the negative economic effects of the COVID-19 pandemic.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 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 - 30/03/2021

    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).

    Related tags

    Hungary Credit lines