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PG CREDIT MUTUEL NORD EUROPE PME

Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Belgium : € 25,000,000
France : € 50,000,000
Credit lines : € 75,000,000
Signature date(s)
20/05/2003 : € 25,000,000
16/06/2003 : € 50,000,000
Link to source
Data sheet
PG CREDIT MUTUEL NORD EUROPE PME
Other links
Summary sheet
PG Crédit Mutuel Nord Europe PME I
Related press
EUR 25 mio to Crédit Professionnel for financing SMEs in Belgium
Related press
EUR 50 mio to the Caisse Fédérale du Crédit Mutuel Nord Europe for SME financing

Summary sheet

Release date
6 November 2002
Status
Reference
Signed | 20/05/2003
20020346
Project name
Promoter - financial intermediary
PG Crédit Mutuel Nord Europe PME I

Crédit Mutuel Nord Europe société coopérative
Crédit Professionnel SA

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million of which EUR 50 million for France and EUR 25 million for Belgium
EUR 150 million
Location
Sector(s)
Description
Objectives

Financing for small and medium-scale productive ventures in the industrial, agricultural and service sectors in France and Belgium

Support for SME investment in the above-mentioned fields

Environmental aspects
Procurement

Compliance with EU Directives and national regulations on environmental protection is required.

EIB procurement guidelines for global loans will be applied.

Link to source
Summary sheet
PG Crédit Mutuel Nord Europe PME I
Other links
Data sheet
PG CREDIT MUTUEL NORD EUROPE PME
Related press
EUR 25 mio to Crédit Professionnel for financing SMEs in Belgium
Related press
EUR 50 mio to the Caisse Fédérale du Crédit Mutuel Nord Europe for SME financing

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).

News & Stories

Link to source
Related press
EUR 25 mio to Crédit Professionnel for financing SMEs in Belgium
Related press
EUR 50 mio to the Caisse Fédérale du Crédit Mutuel Nord Europe for SME financing
Other links
Data sheet
PG CREDIT MUTUEL NORD EUROPE PME
Summary sheet
PG Crédit Mutuel Nord Europe PME I

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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