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    Reference: 20200332
    Release date: 14 May 2020

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S)

    Location

    Description

    The project consists of a programme loan (PL) to support working capital and liquidity needs of SMEs and midcaps in the six Western Balkans countries. The PL is part of the EIB economic response to the COVID-19 outbreak.

    Objectives

    The aim is to mobilise financial resources to mitigate the impact of the COVID-19 pandemic on SMEs and midcaps in the six Western Balkans countries. Sub-operations will be loans for the target beneficiaries to be made available through eligible financial intermediaries in each country.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 400 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

    Approved - 26/06/2020

    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

    Albania Bosnia and Herzegovina Kosovo* Montenegro North Macedonia Serbia Credit lines