FIF - EaP SMEC - Mobiasbanca

repaying

Provision of a three-year senior unsecured loan of up to EUR 15 million to Mobiasbanca - OTP Group ("Mobiasbanca") under the SME Competitiveness Programme in the Eastern Partnership for on-lending to eligible  micro, small and medium enterprises (MSMEs). The loan will be available in three tranches of EUR 5 million each. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. This project was approved in the context of the Bank's response to the Covid-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to Covid-19 and this deviation can be found on our website.