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Signature(s)

Amount
€ 3,000,000
Sector(s)
Credit lines : € 3,000,000
Signature date(s)
26/11/2018 : € 3,000,000
Link to source
Data sheet

Summary sheet

Release date
2 July 2018
Status
Reference
Signed | 26/11/2018
20170952
Project name
Promoter - financial intermediary
COOPMED II
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 3 million
Not applicable.
Location
Sector(s)
Description
Objectives

The project consists of an increase participation in a debt fund aiming at supporting responsible and environmental investments and financial inclusion in the Mediterranean region through microfinance to be realised under the Risk Capital Facility for Southern Neighbourhood.

This project will improve competitiveness and access to finance at favourable conditions for small and medium-sized enterprises (SMEs).

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
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).

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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.
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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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