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EU PL RESPONSE TO COVID19 CRISIS FOR SME&MIDCAPS

Summary sheet

Release date
24 March 2020
Status
Reference
Approved | 03/04/2020
20200225
Project name
Promoter - financial intermediary
EU PL RESPONSE TO COVID19 CRISIS FOR SME&MIDCAPS
ACCEPTABLE BANK(S),ACCEPTABLE NPB(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 5000 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists in a Programme Loan dedicated to supporting working capital and liquidity needs of SMEs and midcaps affected by the COVID-19 epidemic. The operation is part of the economic response to the COVID-19 outbreak coordinated with the European Commission.

The Pan-European Programme Loan aims at mobilsing financial resources to mitigate the impact of the COVID-19 epidemic on European SMEs and midcaps. Sub-operations will be loans for SMEs and Midcaps to eligibile financial intermediaries, National and Regional Promotional Banks. Each sub-operation could be accompanied by other measures provided by authorities.

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.

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Link to source
Summary sheet
EU PL RESPONSE TO COVID19 CRISIS FOR SME&MIDCAPS

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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