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Banco Popular Portugal Loan for SMEs I

Summary sheet

Release date
10 March 2009
Status
Reference
Signed | 02/09/2009
20080586
Project name
Promoter - financial intermediary
Banco Popular Portugal Loan for SMEs I

Banco Popular Portugal S. A.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Estimated at EUR 50 million.
Not applicable.
Location
Sector(s)
Description
Objectives

A credit line for small and medium sized projects to be originated and administered by Banco Popular Portugal S. A. Allocations to SMEs would account for no less than 70% of the total credit line amount.

It will contribute to EU and EIB priority objective of fostering investments primarily by SMEs in industry, tourism, services and other eligible sectors. A large share of the investments will be carried out in convergence regions.

Environmental aspects
Procurement

In line with standard procedures and SMEs credit line guidelines.

In line with standard procedures and SMEs credit line guidelines.

Link to source
Summary sheet
Banco Popular Portugal Loan for SMEs I

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.

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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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