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Signature(s)

Amount
€ 328,000,000
Countries
Sector(s)
France : € 328,000,000
Credit lines : € 328,000,000
Signature date(s)
21/12/2020 : € 48,000,000
29/04/2020 : € 280,000,000
Other links

Summary sheet

Release date
2 January 2019
Status
Reference
Under appraisal | 11/10/2018
20180489
Project name
Promoter - financial intermediary
SG FRANCE INNOVATIVE LEASING MBIL
FRANFINANCE SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 280 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists of a framework loan dedicated to innovative leasing equipment in France intermediated by Société Générale's leasing affiliate FranFinance.

The proposed project intends to support the access of private entities to Innovative High-Tech equipment and "green" equipment, i.e. enhancing renewable energy or energy efficiency via leasing contributing to the Bank's innovation and skill and its environment and climate change objective.

Environmental aspects
Procurement

Some lease operations could be part of a wider project falling under the Environmental Impact Assessment (EIA) Directive. The Bank will contractually ensure that the borrower undertakes to transparently provide information thereto.

The borrower (lessor, leasing company) has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that final beneficiaries (promoters, lessees) are subject to EU public procurement legislation, then the Bank would require such promoters to ensure that contracts for the leased equipment have been tendered in accordance with the relevant applicable EU procurement legislation, with the publication of tender notices in the Official Journal of the European Union, as and where required.

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).

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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