Signature(s)
Amount
€ 60,597,681.41
Countries
Sector(s)
Argentina
: € 60,597,681.41
Credit lines
: € 60,597,681.41
Signature date(s)
2/11/2017 : € 60,597,681.41
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Data sheet
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Summary sheet
Release date
26 October 2016
Status
Reference
Signed | 02/11/2017
20160630
Project name
Promoter - financial intermediary
BICE LOAN FOR SMES AND MIDCAPS
Banco de Inversión y Comercio Exterior (BICE)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 61 million
EUR 120 million
Description
Objectives
A line of credit to part-finance projects undertaken by small and medium-sized enterprises (SMEs) and mid-caps in Argentina, and implemented by Banco de Inversión y Comercio Exterior (BICE)
The project aims to contribute to better access to long-term finance for the local private sector in Argentina.
Environmental aspects
Procurement
The promoter will be required to comply with the Bank's environmental and social (E&S) standards.
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Under ELM Guarantee
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Link to source
Summary sheet
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Data sheet
Related press
News & Stories
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