Release date: 29 January 2025
Promoter – Financial Intermediary
HYPO NOE LANDESBANK FUER NIEDEROESTERREICH UND WIEN AGLocation
Description
The operation will finance the reconstruction following the severe floods in Austria, as well as preventive measures to enhance flood resilience against future floods, of small and medium-sized enterprises (SMEs), mid-caps and public sector entities (PSEs).
Objectives
The aim is to finance small/medium projects carried out by the final beneficiaries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance" procedures. A detailed assessment of the Promoter's E&S procedures and capacity acc. to the Standard 11 standards still needs to be carried out.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Approved - 28/03/2025
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).