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DOCUMENTS "COM"
COM(82)508
Vol.1982/0169

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COM (82)508 final
COMMISSION Brussels,30July1982
OFTHE
EUROPEANCOMMUNITIES FOROFFICIALUSEONLY
GeneralSecretariat
COMMUNICATION FROM THE COMMISSION TOTHE COUNCIL
Request forassent ,pursuant toArticle 562a)oftheECSC Treaty
tothegranting ofaglobal loan toBayerische Landesbank Girozentrale ,
Federal Republic ofGermany
C0M(o2 )508 final

FOR OFFICIAL USE ONLY
COMMUNICATION FROM THE COMMISSION TOTHE COUNCIL
Subject :Request forassent ,pursuant toArticle 562a)oftheECSC Treaty
tothegranting ofaglobal loan toBayerische Landesbank Girozentrale ,
Federal Republic ofGermany .
I. FINANCIAL INTERMEDIARY
No.362
Applicant Bayerische Landesbank Girozentrale .
Federal Republic ofGermany
Registered Office :Munich
Shareholders :TheBayerische Landesbank Girozentrale isa
public lawinstitution having legal persona­
lity .The Free State ofBavaria and the
Bayerische Sparkassen undGiroverband are
jointly andseverally liable bylawasguaran­
tors for the bank 'sliabilities .The bank is
supervised bytheBavarian State Ministries
ofFinance and the Interior .
II.RECIPIENTS TheBayerische Landesbank Girozentrale will
forward the loan tosmall and medium-sized
firms which areexpanding existing operations
orcreating newbusiness activities .
Field ofActivity of
recipientsIndustrial and service activities .

-2-
III .THE PROJECT
Procedure :TheCommission will make DM25million (approxi­
mately 10.46 MioECU )available totheBayerische
Landesbank Girozentrale .The loan will bepaid in
tranches over athree year period asand when sub-
loans areapproved .Thesub-loans will beauthorized
bytheCommission inaccordance with the application
criteria published bytheCommission (0JC178,27
July 1977 and 0JC82of29March 1979 ).
TheBayerische Landesbank Girozentrale will inform
theCommission each year ofthepurposes towhich the
gloval loan hasbeen devoted .Thebank will also give
full particulars each year ofthere-employment of
former ECSC workers byloan recipients .
Total amount of
investment :atleast DM50million (+,20.92 MioECU )
IV. THE REGION
Project Location :the loan funds will beemployed first and foremost in
theOberpfalz ,butalso incoal andsteel areas out­
side ofBavaria asthe bank 'sactivities are not
restricted tothat region .
Unemployment rate :Central Oberpfalz isoneofthestructurally weak
areas ofBavaria with anunemployment rate far above
thenational average (intheSchwandorf labour
exchange area theunemployment rate inDecember 1981
wasapproximately 15.5% ).
National aid status of
project area :Regional development areas orECSC conversion areas .
TheECSC industry hasbeen andstill isamajor employer inthearea

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V.CONFORMITY WITHARTICLE56OFTHEECSCTREATY
ECSCredundancies in
projectarea :Adjustment measuresintheOberpfalzironandsteel
industryhaveresultedduringthepastfiveyearsin
about2,500dismissals.In1982about500jobswill
disappear.IntheopinionoftheFederalGovernment,
in1982-8310,000jobswillbelostinthesteelin­
dustryandinoreminingintheFederalRepublicas
awhole.
Jobstobecreated sAtleast523jobssuitableforformerECSCworkers.
bytheproiect
Training :Wherenecessary,bytherecipientsofsub-loans and/
or.publictrainingauthorities .
TheCommission considersthattheapplication complieswithArticle562a)
oftheECSCTreaty.
VI,GLOBALLOAN
Loanappliedfor
Loantobegranted
Interestrebate:DM25million.
:TheCommission hasapproved aloan
ofDM25million (about10.46MioECU)
orequivalent totheabovementioned
institution inaccordance with
Art.56applicationcriteria(0JC82,
29March'1979).
:3percentage pointsperyearforfive
yearson 10.46 MioECU
Jobbasisofinterestrebate
VII.COUNCILASSENT523jobssuitableforformerECSC
workers,towhomtheywillbeofferedin
priority.
TheCommission requeststheCounciltogiveitsassenttotheforegoing
decision-