Release date: 20 December 2022
Promoter – Financial Intermediary
OESTERREICHISCHE HOTEL- UND TOURISMUSBANK GMBHLocation
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)
- Credit lines - Credit lines
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).