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    Reference: 20220788
    Release date: 19 April 2023

    Promoter – Financial Intermediary

    OTP BANK NYRT

    Location

    Description

    The project consists in a multiple beneficiary intermediated loan (MBIL) to finance eligible investments promoted by small and medium sized enterprises (SMEs) and Midcaps in Hungary.

    Objectives

    The aim is to enhance access to loan finance for the target beneficiaries, dedicating at least 20% of the resources to support Climate Action projects.

    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

    Under appraisal - 2/01/2023

    Milestone
    Under appraisal

    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

    Hungary Credit lines