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Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Portugal : € 150,000,000
Credit lines : € 150,000,000
Signature date(s)
10/12/2008 : € 150,000,000
Link to source
Data sheet
Other links
Summary sheet

Summary sheet

Release date
19 June 2008
Status
Reference
Signed | 10/12/2008
20080262
Project name
Promoter - financial intermediary
BES GL VII
Banco Espírito Santo, S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Credit line to provide term finance to SMEs and possibly local authorities.

The financing of small and medium scale projects undertaken by SMEs contributing to strengthen their productivity and competitiveness. Some of the projects may also contribute to promote the knowledge-economy, energy savings or renewable energies as well as protection of the environment. Projects by municipalities could also be included.

Environmental aspects
Procurement

Eligible projects should comply with relevant European and national environmental legislation.

Where applicable, public procurement procedures will have to be followed and complied with by the final beneficiaries.

Link to source
Summary sheet
Other links

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.

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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