ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(82)854
Vol.1982/0259

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
Genera!SecretariatCOM(82)854 final
Brussels,23December1982
FOROFFICIAL USEONLY
COMMUNICATION FROMTHECOMMISSION TOTHECOUNCIL
Requestforassent,pursuanttoArticle562a)oftheECSCTreatyto
thegrantingofagloballoantoWestdeutsche Genossenschafts-Zentralbank
eG(WGZ-Bank),Munster,FederalRepublicofGermany
vCOM(82)854final

FOR OFFICIAL USE ONLY
COMMUNICATION FROM THE COMMISSION TOTHE COUNCIL
Subject :Request forassent ,pursuant toArticle 562a)oftheECSC Treaty
tothegranting ofaglobal loan toWestdeutsche Genossenschafts -
Zentralbank eG (WGZ-Bank ),Munster ,Federal Republic ofGermany .
FINANCIAL INTERMEDIARY
====================== No.373
Applicant :Westdeutsche Genossenschafts-Zentralbank eG
Registered Office :Munster ,Federal Republic ofGermany
Shareholders :Volks (popular )banks ,Savings SLoan Banks ,
Raif feisenbanken ,Institutes ofthe Genossen -
schaftxorgani sation (cooperative organisation ),
Chambers oftrade ,associations andprivate
customers .
II.RECIPIENTS Themeans will betransferred bythe associate
banks tovocational concerns {toextend existing
ortocreate newactivities mainly inLand
North Rhine-Westbhalia ).
Field ofActivity of
recipients Industrial and service activities .

-2-
III.THEPROJECT
Procedure :TheCommissionwillgrantDM20million
(some8.48MioECU)totheWGZ-Bank.Thisloanwillbe
paidoverthreeyearsinproportional instalmentsto
approvedsubsidiaryloans.Thesubsidiaryloanswill
beapprovedbyCommissiondepartmentspursuanttothe
criteriaandaimspublishedbytheCommission
(0JC178/2of27July1977and0JC28/8of29March
1979).
TheWGZ-BankwillsendannualreportstotheCommission
ontheusemadeofthegloballoanandonre-employment
offormerECSCworkersinconcernsfinancedbywayof
thegloballoan.
Totalamountof
investment atleast DM40million <+19.96MioECU)
[V,-THEREGION
Projectlocation mainlyinLandNorthRhine-Westphalia
Unemploymentrate :8.8%inLandNorthRhine-Westphalia
(FederalRepublic6.9%inSeptember1982)
NationalaidstatusofD,.,.,„Q, Regionalaidedareas:ECSCconversionareasprojectarea J
TheECSCindustryhasbeenandstillisamajoremployerinthearea.

-3-
CONFORMITY WITHARTICLE56OFTHEECSCTREATY
ECSCredundancies in
projectareaIn1982and1983itisestimatedthatsome8,000to
10,000redundancies occurredinthesteelandcoal
industry.
Jobstobecreated
bytheproject
TrairiingjOver600jobs,ofwhichatleast400willbesuitable v
forformerECSCworkers.
:Carriedout,whereapplicable,bylocalpublic
organisations andbyloanrecipients .
TheCommission considersthattheapplication complieswithArticle562a)
oftheECSCTreaty.
VI,GLOBALLOAN
Loanappliedfor
Loantobegranted
Interestrebate
JobbasisofinterestrebateDM20miIIion
TheCommission hasapproved aloan
ofDM20million (about8.48MioECU)
orequivalent totheabovementioned
institution inaccordance with
Art,56applicationcriteria(0JC82,
29March1979),
3percentagepointsperyearforfive
yearson 8.48 *MioECU
400jobssuitableforformerECSC
workers,towhomtheywillbeofferedinpriority.
VII.COUNCILASSENT
TheCommission requeststheCounciltogiveitsassenttotheforegoing
decision.