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    Reference: 20200350
    Release date: 15 December 2020

    Promoter – Financial Intermediary

    BANK FUER TIROL UND VORARLBERG AG

    Location

    Description

    Guarantee on an existing portfolio of assets, aimed at supporting new financing for small and medium-sized enterprises (SMEs) and mid-caps in Austria and Germany. The operation is a response to the COVID-19 pandemic under the program loan "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 Austria and Germany. The operation is a response to the COVID-19 pandemic under the program loan "EU PL ABS COVID19 Response for SME&MIDCAPS 2020-0267."

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 86 million

    Total cost (Approximate amount)

    EUR 560 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 - 11/12/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Austria Germany Credit lines