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OTP HU SMES MIDCAPS & CA MBIL

Summary sheet

Release date
19 April 2023
Status
Reference
Under appraisal | 02/01/2023
20220788
Project name
Promoter - financial intermediary
OTP HU SMES MIDCAPS & CA MBIL
OTP BANK NYRT
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
not applicable
Location
Sector(s)
Description
Objectives

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.

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.

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.

Milestone
Under appraisal
Link to source
Summary sheet
OTP HU SMES MIDCAPS & CA MBIL

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).

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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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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.

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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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