HVB Group Debt Facility FW

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 13241

Status Complete

Location

Regional

Business Sector

Financial Institutions

Notice Type

Private

Sub-projects

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 13241

Status Complete

Location

Regional

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

05 Sep 2000

Disclosure date

05 Sep 2000

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The original project was a €50 million Framework Facility to be extended to the subsidiaries of Bank Austria Creditanstalt in EBRD's countries of operation. The total value of the Facility up to EUR 100 million to recognise the merger between the HVB and Bank Austria Creditanstalt including all the group network banks and leasing companies in the Facility. The individual credit lines under the revised structure of the Facility will be either senior or subordinated loans with maximum maturity up to 15 and 10 years respectively. The financing will be provided to support the network banks' and leasing companies expansion in their respective markets by enhancing their capital base and lending capacity. The Framework approach will ensure better efficiency and responsiveness to clients' needs.

Transition Impact

Transition Impact potential derives primarily from increasing capability of the group network banks and leasing companies to expand their activities in the EBRD's countries of operation. By following international standards in their operations the network institutions also provide a demonstration effect to other market participants promoting the provision of high quality financial services in the region. Furthermore, the funding provided under the Framework will stimulate much needed long-term financing for the private sector and retail market in the respective countries.

The Client

The beneficiaries under the Framework will the subsidiaries of Bank Austria Creditanstalt AG of Austria in the EBRD's countries of operation. The initial target countries are envisaged to be Croatia, Romania, Ukraine and Russia, but the Framework is expected to be expended to include other countries where both Bank Austria Creditanstalt and EBRD operate.

EBRD Finance

The Framework has a value of € 100 million, and the individual credit lines extended under the Framework are envisaged to be € 10 - 20 million.

Project Cost

€ 100 million.

Environmental Impact

Subsidiaries participating in the Framework will apply EBRD's environmental procedures for local banks to all transactions supported through the Framework. In implementing these procedures, participating banks will require their borrowers to comply, at a minimum, with national health, safety, environmental and public consultation requirements. Each subsidiary will submit annual environmental reports to EBRD.

Technical Cooperation

None.

Transition impact

ETI Score:75

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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