Release date: 11 January 2019
Promoter – Financial Intermediary
BANCO COMERCIAL PORTUGUES SALocation
Description
The operation concerns a linked (full delegation) unfunded risk sharing instrument. The EIB provides 50% credit risk protection on a loan-by-loan basis to Banco Comercial Portugues SA (BCP), who generates the loans to predominantly mid-cap companies with a focus on innovative and fast-growing companies. The purpose of the operation is to increase BCP's lending capacity to innovative entities.
Objectives
This operation will support innovative and fast growing mid-cap companies.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 200 million
Environmental aspects
Projects benefitting from the scheme will contractually be required to comply with the Bank's environmental and social standards.
Procurement
Final Beneficiaries under the scheme will contractually be limited to private sector entities not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.
Status
Signed - 20/12/2019