Release date: 1 October 2024
Promoter – Financial Intermediary
ACCEPTABLE BANK(S),STRATEGIC BANKING CORPORATION OF IRELANDLocation
Description
The operation will support small and medium sized businesses (SMEs) as well as mid-caps in Ireland, by providing finance to SBCI and other non-bank lenders (leasing companies, asset financiers, credit unions) in the country.
Objectives
The aim is to support eligible small/medium projects carried out by the target beneficiaries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 20/12/2024