The European Investment Bank provides a EUR 30 million Global Loan to Hansabank operating in the Baltic States to finance small- and medium-scale projects promoted by SMEs and municipalities in Estonia, Latvia and Lithuania. Besides, EIB will provide a EUR 50 million Global Loan to Central-European International Bank (CIB), one of Hungary’s leading banks.
As for Baltic States, Hansabank will finance projects in the areas of industry, services and tourism as well as small- and medium-sized investments in the field of environmental protection, energy savings, infrastructure, including health and education. Final beneficiaries will be small- and medium-sized enterprises and private or public promoters of infrastructure and other eligible projects.
In Hungary, the loan will improve access of small and medium size enterprises and municipalities to long term funding to implement smaller projects in the areas of energy, energy savings, environmental protection, infrastructure, services and tourism. In the framework urban rehabilitation schemes and urban renewal also projects dealing with infrastructure of health, education and social housing can be promoted.
EIB global Loans are special credit lines to selected partner banks operating in the individual countries. The scheme is a successful delivery mechanism of long-term EIB funds to support small- and medium-scale investments. The EIB finances small and medium-size projects with a total investment higher than EUR 40 000 and less than EUR 25 million via Global Loans. EIB partner banks assess each project, assume the credit risk and set the loan conditions for the final beneficiary. Interested investors should address the intermediaries directly.
Since 1990, the EIB has lent a total of EUR 22 billion in Central and Eastern Europe to finance projects fostering European integration, almost EUR 3 billion of this figure being provided through Global Loans. Lending so far this year to the countries of the region exceeds EUR 2.8 billion.

To know more: www.eib.org

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