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        WB COVID19 RESPONSE FOR SME MIDCAPS PROGRAM LOAN

        Summary sheet

        Release date
        14 May 2020
        Status
        Reference
        Approved | 26/06/2020
        20200332
        Project name
        Promoter - financial intermediary
        WB COVID19 RESPONSE FOR SME MIDCAPS PROGRAM LOAN
        ACCEPTABLE BANK(S)
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 400 million
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        The project consists of a programme loan (PL) to support working capital and liquidity needs of SMEs and midcaps in the six Western Balkans countries. The PL is part of the EIB economic response to the COVID-19 outbreak.

        The aim is to mobilise financial resources to mitigate the impact of the COVID-19 pandemic on SMEs and midcaps in the six Western Balkans countries. Sub-operations will be loans for the target beneficiaries to be made available through eligible financial intermediaries in each country.

        Environmental aspects
        Procurement

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

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

        Related projects
        Related sub-project
        PDB COVID19 RESPONSE FOR SMES&MIDCAPS
        Related sub-project
        EBS COVID19 CRISIS RESPONSE FOR SMES&MIDCAPS
        Related sub-project
        INTESA LEASING BEOGRAD COVID19SME & MIDCAP LOAN
        Related sub-project
        PROCREDIT WB COVID19 RESPONSE FOR SMES & MIDCAPS
        Related sub-project
        UBBL COVID19 RESPONSE FOR SMES & MIDCAPS LOAN
        Related sub-project
        UCBS COVID-19 RESPONSE SMES & MIDCAPS LOAN
        Related sub-project
        BIB COVID19 RESPONSE SMES & MIDCAPS LOAN

        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

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        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.

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        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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