Reference:
20200308
Release date: 25 June 2020
Release date: 25 June 2020
Promoter – Financial Intermediary
BANCA COMERCIALA INTESA SANPAOLO ROMANIA SALocation
Description
The project consists of a loan to support Romanian SMEs and midcaps affected by the COVID-19 pandemic.
Objectives
The aim is to mobilise further resources allowing to finance small/medium projects carried out by the target beneficiaries. This operation, part of EIB and EU member states response to the current crisis, will contribute to mitigate the negative economic effects of the Covid-19.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 27/08/2020