art_4__para_7

7. Any aid received by a financial intermediary implementing one or more de minimis aid schemes, which shall be available on equal terms to financial intermediaries operating in the Member State concerned, shall be considered as transparent de minimis aid if: the financial intermediary passes on the advantage received through the State guarantees to the beneficiaries by providing new senior loans to these beneficiaries with lower interest rates or lower collateral requirements and each guarantee does not exceed 80 % of the underlying loan; and the guaranteed de minimis loans are provided to beneficiaries who are in a situation comparable to a credit rating of at least ‘B-’ and the total amount of such loans is: less than EUR 10 million; or, less than EUR 40 million and each individual guaranteed de minimis loan does not exceed EUR 100 000. If a financial intermediary has a less than EUR 10 million of de minimis loans, as set out in point (b)(i), or EUR 40 million, as set out in point (b)(ii), the gross grant equivalent attributable to each amount shall be calculated as a corresponding proportion of the relevant ceiling laid down in Article 3(2) of this Regulation.

← (ii) · All articles · (a) →

Source: EUR-Lex (Cellar) · retrieved 2026-11-06 · Text as adopted (Official Journal); later amendments are not incorporated in this text.