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    Signature(s)

    Amount
    € 500,000,000
    Countries
    Sector(s)
    Portugal : € 500,000,000
    Credit lines : € 500,000,000
    Signature date(s)
    7/09/2016 : € 250,000,000
    25/11/2015 : € 250,000,000
    Link to source

    Summary sheet

    Release date
    5 August 2015
    Status
    Reference
    Signed | 25/11/2015
    20150405
    Project name
    Promoter - financial intermediary
    BCP LOAN FOR SMES & OTHER PRIORITIES 3
    BANCO COMERCIAL PORTUGUÊS SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 500 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

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

    The loan is expected to be mainly used - at least 70% - for the financing of small and medium-sized investment projects in eligible sectors carried out by SMEs and midcap enterprises (with up to 3 000 employees), primarily in Portugal but also in other European countries. The proposed EIB loan would promote medium and long-term lending for capital investment, and would contribute to strengthen the productivity and competitiveness of SMEs and midcaps. The majority of projects are expected to be in convergence areas. Some of the projects may contribute to investment in education, industry, service, tourism, energy savings or renewable energy, protection of the environment or research and development.

    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.

    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

    General enquiries and comments

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    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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    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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