corporate_banner_en

EUR 200 million loan to BPI for financing SMEs in Portugal

Projects
Regions
European Union
Enlargement countries
Turkey
Iceland
Western Balkans
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Supporting pan-Mediterranean initiatives
Financing & advice
FEMIP Loans
Private equity
Advisory & technical assistance
FEMIP Support Package
Procurement
How to apply
Trust Fund
Technical assistance
Private equity
Global dialogue
Partnerships
Organisation and staff
FEMIP Internship Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin & Central America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Organisation and Programme
Programme
Methodology
Criteria
Rating scale
Process
Reports
Operations
Overview
Publications and reports
Cooperation and Coordination
ECG
European Financial Institutions
European Commission
Contacts

EUR 200 million loan to BPI for financing SMEs in Portugal

  • Available in: de en fr pt
  •  Release date: 10 February 2011
  •  Reference: 2011-019-EN

The European Investment Bank (EIB) has granted a EUR 200 million loan to Banco BPI (BPI) for financing investment projects promoted by small and medium-sized enterprises (SMEs). The finance contract was signed today in Lisbon by EIB Vice-President Magdalena Álvarez Arza and the CEO of BPI, Fernando Ulrich.

Vice-President Álvarez, whose responsibilities include the Bank’s operations in Portugal and Spain, emphasised that “the Bank is pleased to support small and medium-sized Portuguese companies through this operation. Improving SMEs’ access to finance is indeed one of the strategic objectives of the European Investment Bank, as it helps to boost economic activity and job creation, in particular in convergence regions. I am confident that this operation will represent a new step forward in our excellent relationship with BPI and will bear very positive fruit for the Portuguese economy”.

CEO Fernando Ulrich said that “the new credit line, which we are pleased to sign early in the year thanks once again to the highly professional cooperation of the EIB, is an important tool and incentive for achieving BPI’s overriding objective for 2011, which is to maintain support for small and medium-sized businesses in the prevailing and quite challenging economic environment.  As the leading bank in support for the best performing SMEs in Portugal, BPI strives to obtain the finest and most appropriate financial conditions, primarily those from the EIB, and to on lend them efficiently in support of relevant SME investments.”

The credit line is designed to support small-scale projects mainly in the areas of industry, tourism and services, including research and development, energy, and environmental protection. It may also be used for infrastructure projects mainly carried out by municipalities. Most of these projects will be located in Portugal’s convergence areas. The EIB will finance up to 100% of the total project cost for SMEs (with a maximum of EUR 12.5 million per project) and up to 50% for other types of project.

The loan will help to strengthen the productivity and competitiveness of SMEs, reducing the impact of the current economic crisis on these enterprises, and will foster regional development and economic and social cohesion in Portugal.

This EIB loan offers first class financial terms to BPI, which will be passed on to its borrowers.

The present facility – the 18th credit line signed between the two banks – builds upon long-standing and fruitful cooperation between the EIB and BPI, which is one of the EIB’s leading banking partners in Portugal in support for small and medium-scale projects and the pursuit of other EU policy objectives.

Background information:

The European Investment Bank is the long-term financing institution of the European Union (EU), working to further European objectives. The Bank’s financing is geared to well-defined European policies. As an EU objective, support for SMEs is also an investment priority of the EIB.

BPI is the 4th major Portuguese financial group, with a market share of 10% in deposits and loans and above 15% in asset management. It is the leading bank in support for the best performing SMEs in Portugal, notably in the framework of the various incentive programmes made available by the Portuguese State to mitigate the negative impact of the economic crisis.






 Print
 Pdf
Copyright © European Investment Bank 2014
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/press/2011/2011-019-eur-200-million-loan-to-bpi-for-financing-smes-in-portugal.htm