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BES MIDCAP

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Portugal : € 100,000,000
Credit lines : € 100,000,000
Signature date(s)
15/12/2006 : € 50,000,000
13/12/2005 : € 50,000,000
Link to source
Data sheet
BES MIDCAP
Other links
Summary sheet
BES MIDCAP

Summary sheet

Release date
26 October 2005
Status
Reference
Signed | 13/12/2005
20040630
Project name
Promoter - financial intermediary
BES MIDCAP
Banco Espírito Santo, S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 100 million.
EIB finance will cover up to 50% of total cost for each single project.
Location
Sector(s)
Description
Objectives

Grouped loan for the financing of investment projects of up to EUR 50 million, promoted by medium-sized companies (mid-caps), employing up to 3000 staff.

The proposed loan will contribute to promote medium and long-term lending for capital investment with a positive impact on regional development, competitiveness, employment or the protection of the environment.

Environmental aspects
Procurement

Projects will comply with relevant national and EU Directives, as appropriate.

National and EU regulation will apply where applicable.

Link to source
Summary sheet
BES MIDCAP
Other links
Data sheet
BES MIDCAP

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).

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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