ANNOUNCEMENT 17 Dec 2018

In December 2018, the European Investment Bank (EIB) signed a credit line agreement with Oberbank AG to support investments carried out by small and medium-sized enterprises (SMEs) and mid-cap companies mainly in Austria.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed projects, OBERBANK LOAN SMES AND MIDCAPS: http://www.eib.org/en/projects/loan/loan/20180173
The European Investment Bank, Project summary, OBERBANK LOAN SMES AND MIDCAPS: http://www.eib.org/en/projects/pipelines/pipeline/20180173

Inception date: 17 Dec 2018 | Removal date: open ended

State loan

The credit line agreement between the European Investment Bank (EIB) and Oberbank AG was signed on 17 December 2018 and has a total value of EUR 100 million (approx. USD 113.4 million). The credit line is approved under the EIB 2017 programme for EU SMEs and mid-caps, see related state act.

The credit line will, through Oberbank AG, support investments carried out by small and medium-sized enterprises (SMEs) and mid-cap companies primarily in Austra. 

According to the EIB: "This project will improve competitiveness and access to finance at favourable conditions for SMEs and mid-Caps mainly in Austria."

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

 
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AFFECTED PRODUCTS

 
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