Release date: 26 October 2016
Promoter – Financial Intermediary
Banco de Inversión y Comercio Exterior (BICE)Location
Description
A line of credit to part-finance projects undertaken by small and medium-sized enterprises (SMEs) and mid-caps in Argentina, and implemented by Banco de Inversión y Comercio Exterior (BICE)
Objectives
The project aims to contribute to better access to long-term finance for the local private sector in Argentina.
Sector(s)
- Services - Financial and insurance activities
Under ELM Guarantee
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Proposed EIB finance (Approximate amount)
EUR 61 million
Total cost (Approximate amount)
EUR 120 million
Environmental aspects
The promoter will be required to comply with the Bank's environmental and social (E&S) standards.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 2/11/2017
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).