Release date: 14 June 2021
Promoter – Financial Intermediary
DEUTSCHE BANK AGLocation
Description
Guarantee on an existing portfolio of assets, aimed at supporting new financing for small and medium-sized enterprises (SMEs) and mid-caps in Germany. The operation is a response to the COVID-19 pandemic under the programme "EU PL ABS COVID19 RESPONSE FOR SME&MIDCAPS 2020-0267."
Objectives
Guarantee on an existing portfolio of assets, aimed at supporting new financing for SMEs and mid-caps in Germany as a response to the COVID-19 pandemic.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 840 million
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 - 9/06/2021
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).