News

Project approvals

25 January 2013

PARIS - 4 projects approved by the Administrative Council for an amount of 227.9 million euros, more than half of which is favour of the target group countries.

Bosnia and Herzegovina

A loan worth 60 million euros to the Government, to provide at least 2 600 new or renovated dwellings for 7 200 displaced persons who, for the last seventeen years, have been living in collective centres located throughout the country. As a result of this loan, the Authorities will be able to propose durable housing solutions and thus more decent living conditions for the populations concerned, namely vulnerable, sick or disabled persons.

Bulgaria

A loan worth 30 million euros to UniCredit Bulbank (UCBB), to co-finance SME investment projects through the network of UCBB branches. This loan is particularly targeted to the least advantaged enterprises in the Bulgarian market, whose growth has been hampered through lack of financing. The aim of the project is therefore to facilitate access to credit for micro, small and medium sized enterprises so that they can invest in productive projects and ensure their continuity, while at the same time creating new jobs.

France

A loan for an amount of 107.9 million euros to Société Générale, for the construction and rehabilitation of eight secondary schools in the department of ̔Seine-Saint-Denis’, within the framework of a public-private partnership with the General Council. In 2010, the latter thus approved an exceptional investment plan to modernise the ageing stock of secondary school buildings and to meet the department’s own specific demographic challenges. The CEB loan will make it possible, by 2019, to welcome 5 000 new students in a renovated school environment conducive to facilitating their chances of success.

Turkey

A loan worth 30 million euros to Türkiye Halk Bankası A.Ş. (Halkbank), a commercial bank majoritarily owned by the Turkish State, aimed at promoting female entrepreneurship by facilitating access to credit. In so doing, the CEB will be supporting the efforts made by Halkbank to provide tailored financings specifically responding to the needs of female entrepreneurs who manage micro or small enterprises throughout the country.