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    Reference: 20180300
    Release date: 9 November 2018

    Promoter – Financial Intermediary

    STRATEGIC BANKING CORPORATION OF IRELAND

    Location

    Description

    The project consists of a guarantee structure similar to the Small and Medium-sized Enterprises (SME) Initiative scheme for investment loans to Irish SMEs, small mid-caps and agri-businesses to foster resilience against external economic shocks, specifically adverse effects on the Irish economy and financial sector potentially caused by the withdrawal of the UK from the EU.

    Objectives

    The project is a guarantee structure addressing the availability of longer duration finance and support long-term investment, which is following the SME initiative scheme for investment loans to Irish SMEs, small MidCaps and Agri-businesses, though with national funds covering the First Loss Piece.

    Comments

    The promoter, SBCI, the Irish national promotional bank, requested a delay of the publication after October 9, the date of the Irish budget announcement.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 395 million

    Total cost (Approximate amount)

    EUR 1120 million

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 14/06/2019

    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).

    Related tags

    Ireland Credit lines