Release date: 24 May 2011
Promoter – Financial Intermediary
RAIFFEISEN BANK Zrt. (“RBHU”)
Location
Description
A loan to finance projects of up to EUR 25 million not falling within excluded sectors, carried out by SMEs (at least 70% of the loan) as well as other eligible projects undertaken by Mid-Cap companies and public or private promoters. At least 70% of the loan is expected to be allocated to energy efficiency and renewable power generation projects mainly in Hungary.
Objectives
Improving access to term finance at favorable conditions.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
The intermediary will be required to ensure compliance of projects financed under the loan with applicable national and EU legislation.
Procurement
The intermediary will be required to ensure compliance of projects financed under the loan with applicable national and EU legislation.
Status
Signed - 13/09/2011