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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Israel : € 75,000,000
    Credit lines : € 75,000,000
    Signature date(s)
    28/12/2006 : € 75,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    13 December 2005
    Status
    Reference
    Signed | 28/12/2006
    20050400
    Project name
    Promoter - financial intermediary
    Hapoalim Global Loan
    Bank Hapoalim B.M.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 75 million
    Not applicable
    Location
    Sector(s)
    Description
    Objectives

    Long term financing for small and medium sized enterprises in the Israeli private sector.

    The project marks the renewal of EIB co-operation in Israel, a key member of the Mediterranean Partner Countries. Support for the local SME sector is a vital part of the Reinforced FEMIP and the Barcelona Process.

    Environmental aspects
    Procurement

    All investments financed from the resources made available by the Bank through global loan operations are required to comply with the relevant national legal framework and be acceptable, in environmental terms, to the Bank in line, as appropriate, with the EU Environmental policy and legislation.

    The Bank’s standard procurement guidelines to Global loans will apply.

    Comments

    Private sector small and medium sized enterprises in industry, services and infrastructure sectors in Israel.

    Link to source
    Summary sheet

    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

    Other links
    Data sheet
    Summary sheet

    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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