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    Signature(s)

    Amount
    € 300,000,000
    Countries
    Sector(s)
    Portugal : € 300,000,000
    Credit lines : € 300,000,000
    Signature date(s)
    23/10/2014 : € 300,000,000

    Summary sheet

    Release date
    17 June 2014
    Status
    Reference
    Signed | 23/10/2014
    20140331
    Project name
    Promoter - financial intermediary
    BPI LOAN FOR SMES & OTHER PRIORITIES 4
    BANCO BPI SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 300 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Loan for financing small and medium-sized projects carried out primarily by SMEs or Mid-caps, mainly located in Portugal. A portion of the loan could be allocated to other small projects promoted by other entities.

    The proposed EIB loan would promote medium and long-term lending for capital investment, and would contribute to strengthening the productivity and competitiveness of SMEs and Mid-caps. The vast majority of projects are expected to concern convergence areas.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    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

    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.

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    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.

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    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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