ERSTE BANK ENHANCED SME AND MIDCAP SUPPORT

Promoter – Financial Intermediary

ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG

Location

• Austria

Description

The project consists of a guarantee on an existing portfolio of assets, aimed at supporting new financing for small and medium-sized enterprises (SMEs) in Austria.

Objectives

Mezzanine ABS Guarantee on an existing portfolio of assets, aimed at supporting new financing for small and medium-sized enterprises (SMEs) in Austria.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 70 million

Total cost (Approximate amount)

EUR 476 million

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

See above.

Status

Signed - 20/12/2023