Release date: 22 February 2022
Promoter – Financial Intermediary
RAIFFEISEN BANK INTERNATIONAL AGLocation
Description
Operation under the European Guarantee Fund (EGF) to support Austrian mid-caps and large corporates in sectors that are in line with the EIB's long-term mission affected by the COVID-19 pandemic.
Additionality and Impact
EGF product developed with EU to break the cycle of deteriorating loan books leading to more stringent underwriting principles/less liquidity available to the market (thus reinforcing the issue of the deteriorating loan book).
Objectives
Support of mid-caps and large corporates in sectors that are in line with the EIB's long-term mission affected by the COVID-19 pandemic.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 980 million
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 - 27/10/2021