ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(81)332
Vol.1981/0107

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariatCOM(81)332final
Brussels <29June1981
FOROFFICIAL USEONLY
COMMUNICATION _FROMTHE_COMMISSION _TOTHECOUNCIL
Requestforassent,pursuanttoArticle562a)oftheECSCTreaty
togranting agloballoantoCaisseNationale
deCreditProfessionnel ,Belgium
COM(81)332 final

Communication totheCouncil
Subject:Requestforassent,pursuanttoArt.562a)oftheECSCTreatytograntingagloballoantoCaisseNationaledeCredit
ProfessionneL Belgium.
I.THEINTERMEDIARY FINANCIAL AGENCYssaiBBSBaoBBBsaoaBBassasBBasessaaNo.276
Applicant CaisseNationaledeCréditProfessionnel
Registeredoffice :Brussels
Parentcompanyof
applicant TheBelgianState
II.BENEFICIARIESTheCNCPwilldistributethegloballoanto
smallandmediumsizeconcernscreatingnew
activitiesandnewjobs.
Fieldofactivityofthe^CaisseNationaledeCreditProfessionneL
beneficiaries .gpubUcinstitutioncreatedbythedecree
lawof23December1946andwasamergeroftheCaisseNationaledeCredit
au"classesMoyennes(middleclasses)andtheCaisseCen.raleduPet,tCrednt
ProfessionneL (smallbusinesscredit).Itgrantscreditsdirectlybutits
mainactivityistomobilisecreditfinancingbyothercompetentinstitutionsItisauthorisedtofinanceprivateindividualsandsmallandmediumsize
concerns.
-•-.i-cs-P„cdeloLo:200,B-iO-10B'osseU-Tc!cchcr<>350040-358040-Telegraphiccdd'css *COME':lr-r-sr
TÔL,..rOM-'tPRPi I71«11-

-2-
in-THE_PROJEÇT
Procédure
TheCommissionwillmakeBF500millionavailabletotheCNCP;thefunds
willbepaidininstalments withinaperiodofthreeyearsmaximumaccord­
ingtothesubsidiaryloanscontractedforneweligibleactivities .
TheCNCPhasauthorisedrelationswith120financialorganisations namely:
creditassociations (cooperative associations),
creditcompaniesforhandicraftbusiness (cooperative groups),
banksoflocalorregionalstanding,
discounthouses.
TheCNCPwilldistributetheglobalconversionloanitselfandthroughits
authorisedagentsmentionedabove.
EachsubsidiaryloanwillbeapprovedbytheCommission'sdepartments accord­
ingtothecriteriaandaimspublishedinO.J.No.C178/2of27July1977
andO.J.No.C82/8of29March1979.
TheCNCPwillreporttotheCommissioneverysixmonthsontheimplementation
ofthegloballoanandannuallyonthere-employment offormerECSCworkers
throughthenewrecipientactivitiesofthesubsidiaryloans.
Totalamountoftheinvestment :BF1,000million(+24MioECU)
IV.THEREGION
Projectlocation :Coalandsteelareaswithsubstantial redundancies .
Unemployment rate :12%minimum
Nationalaidstatusof
projectareas :Developmentareas
TheECSCindustryhasbeenanimportantsourceofemploymentinthearea.

-3-
V.CONFORMITY WITHART.56OFTHEECSCTREATY
ECSCredundancies in
projectareas Luxembourg
CharLeroi
Brabant
Liège
LaLouvière
LimbourgSteel
2,024
7,345
1,477
5,472
801Coatmines
3,665
2,886
500
Jobcreationofproject 600minimum
Training Nationalvocationaltrainingwithinthe
frameworkoflegislation onunemployment ,
TheCommission considersthattherequestcomplieswithArt.562a)
oftheECSCTreaty.
VI.GLOBALLOAN
Loanrequested
Loangranted
Interestrebate
JobbasisofinterestrebateBF500million(_+12MioECU)
TheCommission hasapproved aloan
ofBF500million (+12MioECU)
orequivalent totheabovementioned
companyinaccordance withArt.56
operatingpolicies (O.J.No.C82/8
of29March,1979).
3%pointsperyearforfiveyearson
12MioECU
600jobssuitableforandtobeoffered
inprioritytoex-ECSCworkers.
VII.COUNCILASSENT
TheCommissioninvitestheCounciltogiveitsassenttotheforegoing
decision.