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    Reference: 20220114
    Release date: 20 December 2022

    Promoter – Financial Intermediary

    OESTERREICHISCHE HOTEL- UND TOURISMUSBANK GMBH

    Location

    Description

    The project concerns a loan dedicated to small and medium size investments carried out in the tourism sector by small and medium size enterprises and mid-caps in Austria.

    Additionality and Impact

    The operation predominantly addresses access to finance constraints facing SMEs and Midcaps in the Austrian tourism sector. Implementation is handled by an intermediary (OHT) with in-depth experience with implementing EIB projects in the sector. The operation will sustain employment in the targeted sector and the operation is aligned with the EIB's Climate Action Strategy through a significant climate action target. EIB's contribution to a successful implementation of the project is based on an attractive pricing and a signalling effect that may help crowd in additional financing. 


    Objectives

    Financing of small and medium projects carried out by small and medium sized enterprises and mid-caps in the tourism sector in Austria.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 150 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 - 15/12/2022

    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 Credit lines