corporate_banner_en

FEMIP Loans

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

FEMIP Loans

Most FEMIP operations consist of long-term loans, extended in one of two forms:

  • Direct loans are made directly to private or public sector promoters of projects where the investment cost exceeds EUR 20-25m.

    The financing terms (maturity and grace period) are tailored to the type of investment, and appropriate security is required.
  • Intermediated loans cater for projects with an investment cost below EUR 20-25m.
    They are advanced to local intermediary banks and leasing bodies, which on-lend to finance investment undertaken by small and medium-sized enterprises or local authorities.

    These credit lines can also be used to meet the needs of micro-enterprises, in partnership with specialised associations.

    In its lending activity, FEMIP can also draw on the Special FEMIP Envelope (SFE), which enables the provision of financial support for private sector operations with a higher risk profile than is normally acceptable to the bank.
  Loans
Intermediated loans Direct loans
FEMIP resources Mandate Article 16.1 of EIB Statute1
Objectives Support SMEs through lines of credit to EIB partner commercial banks or development finance institutions, which on-lend to their customers. Develop the Mediterranean partner countries' economic infrastructure, with special emphasis on private sector growth and the creation of an environment conducive to private investment. Finance major infrastructure projects that are of mutual interest to the EU and the Mediterranean partner countries or contribute to regional integration.
Beneficiaries SMEs Private and public sector promoters
Type of funding and selection criteria

Medium & long-term loans

Average size: <EUR 25m (max. 50% of investment cost)

The lending terms are determined by the financial intermediary and reflect the Bank’s advantageous rate.

In foreign currencies, or depending on the exchange risk hedging facilities available locally, in local currency.

Selection performed by intermediary institutions on the basis of their own credit judgment and according to criteria agreed with the EIB.

The security structure is determined by the financial intermediary in keeping with its own risk management rules.

Medium & long-term loans

Average size: >EUR 25m (max. 50% of investment cost)

Fixed or floating interest rates as well as a range of other structures.

Foreign currencies.

The project must be technically, financially, economically and environmentally viable and fit within the remit of FEMIP.

Adequate security structure depending on the nature of the project and the quality of the borrower.

Medium & long-term loans

Average size: >EUR 25m (max. 50% of investment cost)

Fixed or floating interest rates as well as a range of other structures.

Foreign currencies.

The project must be of mutual interest to the EU and Mediterranean partner countries.

Adequate security structure depending on the nature of the project and the quality of the borrower.
The Special FEMIP Envelope (SFE) enables FEMIP to finance selected private sector operations in Mediterranean countries which have a higher risk profile than that accepted under “standard” EIB operations.
Sectors All productive sectors, tourism and infrastructure All productive sectors, tourism and infrastructure Infrastructure, particularly transport and energy

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

http://www.eib.org/projects/regions/med/instruments/loans/index.htm