Loans from the Credit Line of the European Investment Bank (EIB)

European Investment Bank (EIB), a financial institution of the European Union, founded in 1958 in accordance with the Rome Agreement, participates on equal footing with the local financial institutions in financing investment programs that are part of the goals of the European Union. On condition that a loan meets all the eligibility criteria to be financed by the EIB, the Bank grants the borrower a financial benefit expressed as interest rate. Such financial benefit amounts to 50 (fifty) basis points (or 80 (eighty)) basis points for the projects “Jobs for the young people in the Western Balkans” – 3M projects) compared to the annual interest rate the Bank would apply to this loan without the participation of the EIB.

 

Credit Line of the European Investment Bank

CREDIT LINE FROM THE EUROPEAN INVESTMENT BANK – Apex credit line for small and medium-sized enterprises, mid-cap companies and priority projects.

Borrowers

In accordance with the EIB criteria and the terms of the credit line, municipalities and state-owned enterprises, small and medium-sized enterprises (SME), with less than 250 employees, mid-cap companies, with at least 250 but not more than 3000 employees

Purpose

Purchase, reconstruction and expansion of tangible assets (excluding agricultural land), necessary investments into technical implementation of the project, investment in intangible assets, financing permanent working capital

Amount

In accordance with creditworthiness, maximum amount of the loan is EUR 12,500,000.00

Value of the project that is financed may not exceed EUR 25,000,000.00

Repayment period

Depending on the purpose, the economic and technical life of the project, but not longer than 12 years for projects that involve SMEs and mid-cap companies, or up to 15 years for the state-owned enterprises, including grace period

Interest

VARIABLE composed of EURIBOR + EIB margin + up to 1.75% margin for intermediary banks + 0.175% fee for NBS for projects that promote the employment of young people or EURIBOR + EIB margin + up to 2.5% margin for intermediary banks + 0.25% fee for NBS for other projects;

FIXED interest rate composed of the EIB interest that contains also EIB margin + up to 1.75% of margin for intermediary banks + 0.175% fee for NBS for projects that promote the employment of young people or EIB interest that contains also the EIB margin + up to 2.5% margin for intermediary banks + 0.25% NBS fee for other projects.