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PIRMA BANKA GL

Signature(s)

Amount
€ 10,000,000
Countries
Sector(s)
Latvia : € 10,000,000
Credit lines : € 10,000,000
Signature date(s)
31/05/2002 : € 10,000,000
Link to source
Data sheet
PIRMA BANKA GL
Other links
Summary sheet
Pirma Banka Global Loan

Summary sheet

Release date
27 February 2002
Status
Reference
Signed | 31/05/2002
20010726
Project name
Promoter - financial intermediary
Pirma Banka Global Loan
A/s Pirma Banka
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 10 million
Minimum EUR 20 million
Location
Sector(s)
Description
Objectives

Financing of small- and medium-scale projects in the field of environmental protection, energy savings, infrastructure, industry, services or tourism.

The global loan would contribute to the development of term finance in Latvia. Through the financial intermediary, the global loan would provide long-term funding for eligible projects promoted notably by SMEs or local municipalities.

Environmental aspects
Procurement

The financial intermediary will be requested to ensure compliance of the sub-projects with relevant national and EU Directives, as appropriate.

The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, in particular for the award of public sector contracts, as appropriate.

Comments

Projects in various sectors.

Link to source
Summary sheet
Pirma Banka Global Loan
Other links
Data sheet
PIRMA BANKA GL

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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