ANNOUNCEMENT 18 Nov 2015

On 18 November 2015, the EIB provided financing worth EUR 193 million (USD 207 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 18 Nov 2015 | Removal date: open ended

State loan

On 18 November 2015, the European Investment Bank (EIB) and Getin Leasing SA signed an agreement worth EUR 193 million (approx. USD 207 million) for the project Getin Noble Leasing Loan for SMEs&midcaps - Abs from Poland.

According to the project description issued by the EIB, The operation concerns a loan substitute financing for GETIN Noble SA (GNB) to support its leasing financing of SMEs and Midcaps. The funding will be made via the purchase of asset-backed senior notes (ABS) backed by SME leasing receivables originated by GNB leasing entities..

The objective of the project is defined as following: Financing of small/medium projects carried out by small and medium-sized enterprises..

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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