HYPO NOE FLOOD EMERGENCY RECOVERY MBIL

Promoteur – Intermédiaire Financier

HYPO NOE LANDESBANK FUER NIEDEROESTERREICH UND WIEN AG

Lieu

• Autriche
• Pays de l’UE

Description

The operation will finance the reconstruction following the severe floods in Austria, as well as preventive measures to enhance flood resilience against future floods, of small and medium-sized enterprises (SMEs), mid-caps and public sector entities (PSEs).

Additionality and Impact

This MBIL will be the second project under the Floods Emergency Recovery and Resilience Lending Envelope (Serapis 2024-0662) and it will finance preventive measures to enhance flood resilience against future floods, as well as reconstruction works following the severe flood events in Austria in September 2024.

The operation will contribute to EU and national policy objectives, and the intervention will thus generate positive environmental externalities and increase resilience against future climate shocks, particularly floodings. The operation foresees that 75% of the investment volume will be dedicated to Climate Action projects, and more particularly Climate Adaptation.

The Promoter will use the funding to provide loans in favour of PSEs, SMEs and MidCaps which will help them to access finance in a difficult economic environment.

The EIB's financial contribution includes the possibility of flexible drawdowns, long grace periods and fixed interest rate periods, as well as no requirements for complementarity. In terms of non-financial contribution, the EIB will support the intermediary in building and strengthening its capacity to finance climate adaptation projects.

Objectifs

The aim is to finance small/medium projects carried out by the final beneficiaries.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 50 million

Coût total (montant approximatif)

not applicable

Aspects environnementaux

The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance" procedures. A detailed assessment of the Promoter's E&S procedures and capacity acc. to the Standard 11 standards still needs to be carried out.

Passation des marchés

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Statut

Signé - 10/06/2025