Release date: 5 August 2015
Promoter – Financial Intermediary
BANCO COMERCIAL PORTUGUÊS SALocation
Description
Loan for financing of small and medium-sized projects carried out primarily by SMEs or midcaps, mainly located in Portugal. A part of the loan could be allocated to other small projects promoted by other entities.
Objectives
The loan is expected to be mainly used - at least 70% - for the financing of small and medium-sized investment projects in eligible sectors carried out by SMEs and midcap enterprises (with up to 3 000 employees), primarily in Portugal but also in other European countries. The proposed EIB loan would promote medium and long-term lending for capital investment, and would contribute to strengthen the productivity and competitiveness of SMEs and midcaps. The majority of projects are expected to be in convergence areas. Some of the projects may contribute to investment in education, industry, service, tourism, energy savings or renewable energy, protection of the environment or research and development.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
Not applicable.
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 - 25/11/2015
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).