Release date: 15 December 2020
Promoter – Financial Intermediary
ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AGLocation
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)
- Credit lines - Credit lines
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).