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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

    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.

    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).

    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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    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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