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    Reference: 20200832
    Release date: 22 February 2022

    Promoter – Financial Intermediary

    RAIFFEISEN BANK INTERNATIONAL AG

    Location

    Description

    Operation under the European Guarantee Fund (EGF) to support Austrian mid-caps and large corporates in sectors that are in line with the EIB's long-term mission affected by the COVID-19 pandemic.

    Additionality and Impact

    EGF product developed with EU to break the cycle of deteriorating loan books leading to more stringent underwriting principles/less liquidity available to the market (thus reinforcing the issue of the deteriorating loan book).

    Objectives

    Support of mid-caps and large corporates in sectors that are in line with the EIB's long-term mission affected by the COVID-19 pandemic.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 300 million

    Total cost (Approximate amount)

    EUR 980 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 - 27/10/2021

    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 Germany Credit lines