Date de publication: 20 avril 2023
Promoteur – Intermédiaire Financier
PROCREDIT BANK (BULGARIA) ADLieu
Description
The project consists in an EIB Group's guarantee covering an existing portfolio of loans and leases targeting small and medium sized enterprises (SMEs) and Midcaps. The operation will enable ProCredit Bank Bulgaria to further expand its lending to the target beneficiaries, including those implementing projects that support green objectives.
Additionality and Impact
The project contributes to the Bank's lending priority objectives on SMEs, as well as on climate action (transversal). Through an intermediated approach, the Bank will reach SMEs and MidCaps financing small and mid-size projects, which could otherwise not be reached. In addition, the operation supports the financial intermediary's sustainability strategy, increasing its lending in the sector and diversifying its funding sources. The project addresses a number of market failures: From the continuously existing and further widening financing gap stemming from higher interest rates for SMes, the gap in long tenor financing for Climate Action projects. EIB is providing adequate financing sources in terms of pricing and longer maturities. The EIB's contribution will be most visible on the financial contribution side by accelerating the fundraising and crowding in other financiers.
Objectifs
The aim is to increase availability of finance for projects carried out by SMEs and Midcaps operating in the industry and services sector. This operation will also contribute to mitigate the negative economic effects of the pandemic and significant part of the financed sub-projects will be dedicated to tackling climate change.
Secteur(s)
- Lignes de crédit - Lignes de crédit
Montant BEI envisagé (montant approximatif)
EUR 140 million
Coût total (montant approximatif)
EUR 348 million
Aspects environnementaux
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Passation des marchés
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Statut
Signé - 21/06/2023
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).