CREDIT LINE FROM THE EUROPEAN INVESTMENT BANK

Product name:

SME investment credits from EIB

Single credit amount intended to final beneficiaries, MBDP's part:

•  Micro enterprises, credit up to 26,700 EUR

•  Small enterprises credit up to 266,700 EUR

•  Medium enterprises credit up to 2,666,700 EUR

Minimum amount of EUR 10,000

Repayment period:

From 4 up to 5 years

Grace period included:

up to 12 months

Interest rate to Final Beneficiary (FB):

6% p.a. (first year)

3 months EURIBOR + 5%, but not less than 6%

IB's partaking in the credit support:

Minimum 25% of the credit amount to the final beneficiary

Purpose:

Support of identified projects:

•  Purchasing fixed assets:

•  Real estate

•  Equipment

•  Working capital (not exceeding 30% of the project value)

•  Investment in intangible assets (development, planning and financing in the construction phase, and salary and other related to the phase of research and development)

Priority final beneficiaries:

•  Entities which show increased extent of work at least 5% or increased export of at least 5% in the current year compared to the previous one

•  Entities which have invested in modernization, saving of energy, environment protection

•  Entities which have increased the number of employees

•  Entities which have good market competitiveness (operating income larger than operating expense, current liquidity higher than 0.8 and at least 30% export income)

Bans and exclusions:

Fields excluded from financing with this product are:

•  Production of weapon

•  Lottery games

•  Tobacco production

•  Activities regarding live animals

•  Activities affecting environment

•  Cloning

•  Activities in the field of real estate trading

•  Projects which accounting value exceeds EUR 25 million

•  Projects regarding financing of petrol stations, car shops and trading

Criteria for defining micro, small and medium sized enterprise:

•  Micro-sized enterprise should fulfil one of the following 2 criteria:

•  To make annual turnover up to EUR 50,000 or

•  To have up to 5 full time employees

•  Small-sized enterprise should fulfil one of the following 2 criteria:

•  To make annual turnover up to EUR 200,000 or

•  To have 6 to 50 full time employees

•  Medium-sized enterprise should fulfill one of the following criteria:

•  To make annual turnover exceeding EUR 200,000 or

•  To have 51 to 250 full time employees

For all 3 types of enterprises, the number of full time employees should not exceed 250. If the borrower has shares in another company, than:

•  If the share is up to 25% the number of employees of the other company is not added

•  If the share is between 26% and 50% then the % partake is added to the number of employees in the other company and the number acquired in such way is added to the number of employees of the borrower

•  If the share exceeds 51% than the total number of the other company is added to the number of the borrower

Collateral by FB to the IB:

Usual collateral instruments such as mortgage, pledge, bonds, etc.

Miscellaneous:

Number of employees should not diminish during the repayment period

Product name:

SME permanent working capital credits from EIB

Single credit amount intended to final beneficiaries, part of MBDP:

•  Micro enterprises credit up to 20,000 EUR

•  Small enterprises credit up to 200,000 EUR

•  Medium enterprises credit up to 666,700 EUR

Minimum amount of EUR 5,000

Repayment period:

Not less than 2 years & not more than 3 years

Grace period included:

Up to 6 months

Interest rate to Final Beneficiary (FB):

6% p.a. (first year)

3 months EURIBOR + 5%, but not less than 6%

IB's partaking in the credit support:

Minimum 25% of the credit amount to the final beneficiary

Purpose:

•  To fulfill the requests for permanent increase of working capital within expansion of company business operations

Priority FBs:

•  Entities which show increased extent of work at least 5% or increased export of at least 5% in the current year compared to the previous one

•  Entities which have invested in modernization, saving of energy, environment protection

•  Entities which have increased the number of employees

•  Entities which have good market competitiveness (operating income larger than the operating expense, current liquidity larger than 0.8 and at least 30% export income)

Bans and exclusions:

Fields excluded from financing with this product are:

•  Production of weapon

•  Lottery games

•  Tobacco production

•  Activities regarding live animals

•  Activities affecting environment

•  Cloning

•  Activities in the field of real estate trading

•  Projects which accounting value exceeds EUR 25 million

Projects regarding financing of petrol stations, car shops and trading

Criteria for defining micro, small and medium sized enterprise:

•  Micro-sized enterprise should fulfil one of the following 2 criteria:

•  To make annual turnover up to EUR 50,000 or

•  To have up to 5 full time employees

•  Small-sized enterprise should fulfil one of the following 2 criteria:

•  To make annual turnover up to EUR 200,000 or

•  To have 6 to 50 full time employees

•  Medium-sized enterprise should fulfill one of the following criteria:

•  To make annual turnover exceeding EUR 200,000 or

•  To have 51 to 250 full time employees

For all 3 types of enterprises, the number of full time employees should not exceed 250. If the borrower has shares in another company, than:

•  If the share is up to 25% the number of employees of the other company is not added

•  If the share is between 26% and 50% then the % partake is added to the number of employees in the other company and in such way acquired number is added to the number of employees of the borrower

•  If the share exceeds 51% than the total number of the other company is added to the number of the borrower

Collateral by FB to IB:

Usual collateral instruments such as mortgage, pledge, bonds, etc.

Miscellaneous:

Number of employees should not diminish during the repayment period