ANNOUNCEMENT 08 Dec 2017

In December 2017, the European Investment Bank (EIB) signed a credit line agreement with Tatra-Leasing, s.r.o. to support projects carried out by small and medium-sized enterprises (SMEs) and mid-cap companies in Slovakia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, TATRA LEASING SK LOAN FOR SMES AND MIDCAPS III: http://www.eib.org/en/projects/loan/loan/20160965
The European Investment Bank, Project summary, Project No. 20160965, TATRA LEASING SK LOAN FOR SMES AND MIDCAPS III: http://www.eib.org/en/projects/pipelines/pipeline/20160965

Inception date: 08 Dec 2017 | Removal date: open ended
Still in force

State loan

The credit line agreement between the European Investment Bank (EIB) and Tatra-Leasing, s.r.o. was signed on 8 December 2017 and has a total approved value of EUR 100 million (USD 117.6 million). Under the credit line, an initial loan having a total value of EUR 40 million was signed on the same day.

The credit line will, through Tatra-Leasing, s.r.o., support projects carried out by Slovak small and medium-sized enterprises (SMEs) and mid-caps. The credit line is financed under the EIB 2017 programme for EU SMEs and mid-caps, see related state act.

According to the EIB: "This intermediated loan (ed. the credit line) will improve competitiveness and access to finance at favourable conditions by Slovak SMEs and Mid-caps."

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A