ANNOUNCEMENT 13 Aug 2020

In August 2020, the European Investment Bank (EIB) and Raiffeisen Bank International (RBI) signed a EUR 200 million credit line agreement to support SMEs and mid-caps in Austria.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

European Investment Bank, Project Summary, RBI COVID19 LOAN FOR SMES AND MIDCAPS:
https://www.eib.org/en/projects/pipelines/all/20200288

European Investment Bank, Project Financed, RBI COVID19 LOAN FOR SMES AND MIDCAPS: https://www.eib.org/en/projects/loans/all/20200288

Inception date: 13 Aug 2020 | Removal date: open ended

State loan

On 13 August 2020, the European Investment Bank (EIB) signed a EUR 200 million (approx. USD 236.4 million) credit line agreement with the Raiffeisen Bank International (RBI) aimed at supporting SMEs and mid-caps that have been negatively affected by the COVID-19 pandemic. The funding line aims to finance small and medium projects of SMEs and mid-caps located mainly in Austria.

Raiffeisen Bank International is an Austrian banking group and listed on the Vienna Stock Exchange. Its main areas served are Central and Southeast Europe and Asia. RBI is also part of the Raiffeisen Banking Group Austria. 

This credit line agreement is part of an EU-wide parent project which aims at mobilising funding resources to mitigate the impact of the COVID-19 epidemic on European SMEs and mid-caps (EU PL RESPONSE TO COVID19 CRISIS FOR SME&MIDCAPS), see related State Act.  

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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