corporate_banner_en

Portugal: EIB and Banco Santander Totta sign an agreement in support of SMEs and midcaps

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

Portugal: EIB and Banco Santander Totta sign an agreement in support of SMEs and midcaps

  • Available in: de en fr pt
  •  Release date: 24 October 2013
  •  Reference: 2013-167-EN

The European Investment Bank (EIB) has granted a EUR 200 million loan to Banco Santander Totta to finance small and medium-sized projects mainly undertaken by SMEs and midcaps. The loan agreement was signed in Lisbon today by EIB Vice-President Magdalena Álvarez and by the President of the Executive Committee of Banco Santander Totta, António Vieira Monteiro.

For SMEs in particular, access to credit has become difficult since the beginning of the crisis. Even medium-sized companies, the so-called midcaps with up to 3,000 employees, are faced with major funding challenges. The majority of the loan will therefore serve to finance investments promoted by SMEs and midcaps, but part of it could also be allocated to other entities promoting projects involving mainly energy saving, environmental protection, research and development, and infrastructure.

At the signing ceremony, Vice-President Magdalena Álvarez said: “Thanks to its cooperation with Banco Santander Totta, the EIB can channel new finance into Portugal’s productive sectors on favourable terms, with long maturities, flexible disbursement schedules and low interest rates. I am delighted to sign this loan, which represents a further step in the EIB’s commitment to supporting small and medium-sized businesses, as accessing credit is vital for SMEs to be able to get through this long economic crisis”.

President António Vieira Monteiro said: “We are delighted to sign this agreement with the EIB today. This credit line will be a financial tool that Banco Santander Totta can make available to Portuguese SMEs on favourable market terms. It enhances the scope of our financial and treasury support for SMEs, which we have so far provided through financial programmes for exporting companies and our own financing lines, enabling us to attain a leading position in PME Investe programmes”

The loan will have a positive impact on economic activity and will help to increase the productivity of the final beneficiaries. Most of the projects eligible for financing will be located in convergence areas in Portugal, so contributing to economic and social cohesion.




 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/2013/2013-167-eib-and-banco-santander-totta-sign-an-agreement-in-support-of-smes-and-midcaps.htm