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    Signature(s)

    Amount
    € 5,000,000
    Countries
    Sector(s)
    Seychelles : € 5,000,000
    Credit lines : € 5,000,000
    Signature date(s)
    24/08/2012 : € 5,000,000

    Summary sheet

    Release date
    20 June 2012
    Status
    Reference
    Signed | 24/08/2012
    20110477
    Project name
    Promoter - financial intermediary
    DBS Line of Credit VI
    Development Bank of Seychelles Contact point: Mr Roger Toussaint, Managing Director
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 5 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    Line of credit in favour of the Republic of Seychelles to finance loans to small and medium sized enterprises in Seychelles, through the intermediary Development Bank of Seychelles (DBS).

    The line of credit is to support the availability of term finance to small and medium sized enterprises (SMEs) operating in the productive and service sectors in the Seychelles.

    Environmental aspects
    Procurement

    DBS shall ensure that projects financed are implemented in conformity with the environmental laws of Seychelles.

    DBS shall take all the requisite measures to ensure that the procurement of works, goods and services relating to the subprojects which the EIB finances is the most economically-advantageous option, following appropriate procedures in the light of the circumstances and taking account of quality and efficiency.

    Comments

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

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