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    Reference: 20210190
    Release date: 6 May 2021

    Promoter – Financial Intermediary

    RAIFFEISENLANDESBANK OBEROESTERREICH AG

    Location

    Description

    Financing of small and medium-sized investments carried out by small and medium-sized enterprises (SMEs) and mid-caps in Austria and Germany, including a dedicated Climate Action window to target financing of energy efficiency, transport and renewables.

    Additionality and Impact

    This operation supports financing of small and medium sized investments carried out by SMEs and MidCaps in Austria, but also in other EU member states, including a dedicated Climate Action window to target financing of energy efficiency, transport and renewables. With this operation, EIB strengthens the EU's economic, social and territorial cohesion and addresses existing market failures: EIB funding will help to ease financial constraints for SMEs and MidCaps and will also address the gap in long tenor financing for Climate Action projects with a 30% Green window. This operation will address the continuously existing and further widened financing gap stemming from higher interest rates for SMEs and will further enhance access to finance for local enterprises at improved terms. In the present operation, EIB's financial contribution to financing SME and MidCap projects will consist of reduced interest rates and longer maturities. By supporting such companies, EIB sends a positive signal to private investors and thus incentivizes further financing. The financing of SMEs and MidCaps generates positive externalities through the creation of jobs, innovative processes, products or services and through skills development and upgrading, particularly in combination with a Green window.


    Objectives

    Financing of small/medium projects carried out by small and medium-sized enterprises.

    Sector(s)

    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 - 12/07/2021

    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