ANNOUNCEMENT 08 Aug 2016

In August 2016, the European Investment Bank (EIB) signed a credit line agreement with Raiffeisen-Landesbank Tirol AG to support small and medium-sized enterprises (SMEs) and mid-cap companies' projects in the Federal State of Tyrol, Austria.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, RLB TYROL LOAN FOR SMES AND MIDCAPS II: http://www.eib.org/en/projects/loan/loan/20150114
The European Investment Bank, Project summary, RLB TYROL LOAN FOR SMES AND MIDCAPS II: http://www.eib.org/en/projects/pipelines/pipeline/20150114

Inception date: 08 Aug 2016 | Removal date: open ended

State loan

The European Investment Bank (EIB) approved a EUR 100 million (approx. USD 130.4 million) credit line to Raiffeisen-Landesbank Tirol AG. Under the credit line, the EIB and Raiffeisen-Landesbank Tirol AG signed two loan agreements having a total financing value of EUR 40 million on 8 August 2016. On 30 January 2019, a third loan was signed under the credit line having a total value of EUR 30 million.

The credit line will, through Raiffeisen-Landesbank Tirol AG, support small and medium projects carried out by small and medium-sized enterprises and mid-cap companies in the Federal State of Tyrol, Austria.

According to the EIB: "The operation will improve access to term finance at favourable conditions for the financing of projects carried out primarily by 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.

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