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Reference: 20200327
Release date: 15 December 2020

Promoter – Financial Intermediary

ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG

Location

Description

The proposed Multi Beneficiary Intermediated Loan (MBIL) to Erste Bank der Oesterreichischen Sparkassen AG will be dedicated to the financing of (i) the construction of new residential buildings beyond the minimum applicable energy efficiency standards in Austria, and (ii) refurbishments of existing buildings up to current energy efficiency standards.

Objectives

Financing of small and medium-sized projects undertaken by residential real estate development companies will support the implementation of long-term green real estate projects.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 100 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 - 9/12/2020

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).

Related tags

Austria Credit lines