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COM(80)801final
COMMISSION Brussels,1gtDecember1980
OFTHE
EUROPEAN COMMUNITIES FOROFFICIAL USEONLY
GenerolSecretariat
REQUESTFORASSENT/PURSUANT TOART.56.2.a)OFTHEECSCTREATY
TOGRANTING AGLOBALLOANTO"SAARLANDISCHE INVESTITIONSKREDITBANK AG(SIKB)",
FEDERALREPUBLIC OFGERMANY
(Communication fromtheCommission totheCouncil)
C0MC80)801final

COMMISSION
OFTHE
EUROPEAN COMMUNITIES
INTERNAL DOCUMENT
Communication totheCouncil
Subject:Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreaty
tograntingagloballoantoSaarlandischeInvestitions-
kreditbank AG(SIKB).FederalRepublicofGermany.
1•Itl§_INIERM!DIARY_FINANCIAL_AG|NCY No>3Q6
Applicant :Saarlandische Investitionskreditbank AG(SIKB)
RegisteredOffice :Saarbrücken,Saarland.
Shareholders
II.BENEFICIARIESMainshareholders aretheSaarland Government with
51%andtheLandesbank Saar-Girozentralewith19.06% .
ThebusinessoftheSIKBisthegrantingofmedium
andlongtermcreditstotheSaarlandeconomy.
TheSIKBwillusethegloballoantoissuecredits
tosmallandmediumsizeconcernsforthecreation
ofneweconomic (business )activities .
Fieldofactivityof
beneficiariesActivities inindustrial andservicesectors.
delaLoi200,B–1010B'tssel&-Tcitpi•■i■;3500^0-35%J>20-Telegraphir :COME*•?*
Tele*:-COMFijRBWiJ ?'ti/7

-2-
111•IHE_PROJEÇT
Procédure
TheCommissionwillputDM20million(about7.9MEUA)atthedisposal
oftheSIKB.TheloanwillbeissuedtotheSIKBoverthreeyearsat
varyinginterestratesandinconformitywiththegrantofsub-
loansforprojectseligibleforaid.Theintermediary financialinstitution
willsubmiteachprojecttotheCommissionforapproval.
Thedecisiononindividual loanswillbetakenaccordingtoaimsandcriteria
published bytheCommission (O.J.No.C178/2of27thJuly,1977andO.J.No.
C82/8of29thMarch,1979).
TheSIKBwillreporttotheCommission everysixmonthsontheusemadeof
thegloballoan.TheSIKBwillalsoreportannuallyonre-employment of
formerECSCworkersinconcernsfinancedfromthegloballoan.
Totalinvestments :AtleastDM40million(about15.8MEUA)
IV.THE_REGI0N
Projectlocation :Saarland
Unemployment rate :Labourexchangedistricts :
-Neunkirchen
-Saarlouis
-Saarbrucken5.8%
5.9%
7.1%
inJune1980(F.R.ofGermany3.4%).
Nationalaidstatusof
projectareaRegionalDevelopment Area
TheECSCindustryhasbeenanimportantsourceofemployment inthearea.
V.CONFORMITY WITHART.56OFTHEECSCTREATY
ECSCredundancies in
projectarea:Inconsequence ofrestructuring started
intheSaarlandironandsteelindustry,
therehavealreadybeen3,500redundancie
therewillbeafurther5,000redundancie
uptothemid1980s.
Jobcreationofproject :Atleast395jobssuitableforformer
ECSCworkers.
Training :Whererequired,throughsub-loan
recipients andthroughappropriate
publicinstitutions .
TheCommission "considersthattherequestcomplieswithArt.562a)ofthe
ECSCTreatyandthatthenewjobopportunities offeredbytheprojectare
capableofabsorbingredundant ECSCworkersintoproductive employment .

-3-
VI.RECONVERSION LOAN
Loanrequested . :
Loangranted :
Interestrebate :
Jobbasisofinterestrebate:DM20million
TheCommission hasapproved aLoan
ofDM20M(about7.9MEUA)
orequivalent totheabovementioned
companyinaccordance withArt.56
operatingpolicies (O.J.No.C82/8
of29March1979).
3%pointsperyearforfiveyearson
7.9MEUA.
395
VII.COUNÇILIASSENT
TheCommissioninvitestheCounciltogiveitsassenttothe
foregoingdecision.