ANNOUNCEMENT 27 Jul 2010

On 27 July 2010, the EIB provided financing worth EUR 200 million (USD 255 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 27 Jul 2010 | Removal date: open ended

State loan

On 27 July 2010, the European Investment Bank (EIB) and Saechsische Aufbaubank signed an agreement worth EUR 200 million (approx. USD 255 million) for the project Sab Kmu Darlehen i from Germany.

According to the project description issued by the EIB, European loan for SMEs for Sächsische Aufbaubanks (SAB) promotional programs dedicated to SME/micro-enterprise financing in line with the Board Decision of 23.09.2008 (CA/419/08)..

The objective of the project is defined as following: The proposed operation is dedicated entirely to the financing of SMEs. As such, it will support schemes, which although being eligible, cannot be addressed by the Bank directly, due to their small individual size. The proposed operation is eligible under Article 267 a) and c) of the EC treaty..

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