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    Signature(s)

    Amount
    € 55,000,000
    Countries
    Sector(s)
    Georgia : € 10,000,000
    Moldova, Republic of : € 20,000,000
    Ukraine : € 25,000,000
    Credit lines : € 55,000,000
    Signature date(s)
    18/12/2020 : € 10,000,000
    18/12/2020 : € 20,000,000
    18/12/2020 : € 25,000,000

    Summary sheet

    Release date
    6 July 2020
    Status
    Reference
    Signed | 18/12/2020
    20190693
    Project name
    Promoter - financial intermediary
    PROCREDIT EP COVID19 RESPONSE FOR SMES & MIDCAPS
    BANCA COMERCIALA PROCREDIT BANK SA,JSC PROCREDIT BANK,PROCREDIT BANK JSC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 55 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    Dedicated EIB loan in support of small and medium-sized enterprises (SMEs) and midcaps in Ukraine, Moldova and Georgia. As part of the overall response to COVID-19, the operation will support the financial intermediaries with temporary emergency measures to facilitate the provision of liquidity to SMEs and midcaps and thereby contribute to mitigating the impact of the economic shock.

    Financing of small and medium-sized projects carried out by SMEs and midcaps in EIB-eligible sectors of the economy.

    Environmental aspects
    Procurement

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

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

    Under ELM Guarantee

    This operation is covered by the ELM Political Risk Guarantee.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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