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    Signature(s)

    Amount
    € 8,000,000
    Countries
    Sector(s)
    Cape Verde : € 8,000,000
    Credit lines : € 8,000,000
    Signature date(s)
    20/12/2005 : € 8,000,000
    Link to source

    Summary sheet

    Release date
    25 October 2005
    Status
    Reference
    Signed | 20/12/2005
    20050372
    Project name
    Promoter - financial intermediary
    Cap Vert Secteur Financier Prêt Global II

    BCA-Banco Comercial do Atlântico
    BIA-Banco Interâtlantico

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 8 million.
    Not applicable
    Location
    Sector(s)
    Description
    Objectives

    Credit line to the financial sector to provide medium and long term financing to small and medium-sized private companies as well as commercially run public sector enterprises.

    Provision of long term lending to SMEs as well as improvement of efficiency and competition in the banking sector in Cape Verde.

    Environmental aspects
    Procurement

    Compliance with EU and national environmental legislation and guidelines will be made a condition for each sub-project under the global loan.

    Compliance with EU Directives and national legislation and guidelines is made a condition for each allocation under the global loan.

    Comments

    Sectors eligible under this global loan will be industry, agro-industry, tourism and related service sectors, health and education.

    Link to source

    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

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