Release date: 21 December 2020
Promoter – Financial Intermediary
LANDESBANK BADEN-WUERTTEMBERGLocation
Description
Guarantee on an existing portfolio of assets, aimed at supporting new financing for small and medium enterprises and mid-caps in Germany. The operation is a response to the COVID-19 pandemic under the program "EU PL ABS COVID19 Response for SME&MIDCAPS 2020-0267".
Objectives
Guarantee on an existing portfolio of assets, aimed at supporting new financing for small and medium enterprises and mid-caps in Germany. The operation is a response to the COVID-19 pandemic under the program "EU PL ABS COVID19 Response for SME&MIDCAPS 2020-0267".
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 95 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 - 10/12/2020
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).