Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Portugal : € 150,000,000
    Credit lines : € 150,000,000
    Signature date(s)
    21/12/2017 : € 150,000,000
    Link to source

    Summary sheet

    Release date
    20 April 2016
    Status
    Reference
    Signed | 21/12/2017
    20150695
    Project name
    Promoter - financial intermediary
    BPI INNOVFIN MID-CAP GUARANTEE
    BANCO BPI SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 420 million
    Location
    Sector(s)
    Description
    Objectives

    The operation entails the establishment of a guarantee scheme with the promoter to enable intermediated financing of innovative mid-caps in accordance with Horizon 2020 eligibilities. The operation will be used to cover 50% of the credit risk associated with a portfolio of new loans originated by Banco BPI SA. The guaranteed portfolio will be composed of innovative mid-cap loans having eligible expenditures.

    Financing of projects carried out by innovative mid-caps

    Environmental aspects
    Procurement

    The project refers to a multi-sector multi-scheme operation and some of the sub-projects may fall under Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. The Bank requires the promoter and the final beneficiary to act according to the provisions of the aforementioned directives as transposed into national law, as well as according to the provisions in the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC if a sub-project has a negative impact on an area forming part of the Natura 2000 network.

    The promoter and the final beneficiaries are private companies not operating in the utilities sector and not having the status of a contracting authority. The EU directives on public procurement are not applicable.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications