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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Portugal : € 200,000,000
    Credit lines : € 200,000,000
    Signature date(s)
    22/12/2023 : € 200,000,000
    Link to source

    Summary sheet

    Release date
    14 November 2023
    Reference
    20230704
    Project name
    Promoter - financial intermediary
    BCP LRS ENHANCED SUPPORT FOR MIDCAPS
    BANCO COMERCIAL PORTUGUES SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million
    EUR 560 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists in a linked risk-sharing operation (own-resources; full delegation) to support mid-caps in Portugal across all EIB's eligible sectors.

    - Market gap / sub-optimal investment situation: The operation is launched to support the ongoing recovery of the Portuguese economy in the aftermath of the COVID-19 pandemic, followed and exacerbated by the war in Ukraine that affected Portuguese small and medium sized enterprises (SMEs) and mid-caps, which have above EU-average structural weight in the national economy and are more vulnerable to economic downturns compared to larger corporates. - Project acceleration: The quick mobilisation of financing for corporates is strategic to ensure that companies continue to have liquidity to operate and contribute to the country's productive capacity for goods and services. - Employment: The operation will contribute to the preservation and creation of employment in a still unstable phase of the economic cycle. - Financial Support to Midcaps: The operation addresses the EIB objective of providing financial support to mid-caps, allowing for competitive and flexible financing. Cohesion: Around 64% of the operation is expected to benefit Midcaps located in cohesion priority regions.

    Environmental aspects
    Procurement

    The EIB will require that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.

    The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.

    Related projects
    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

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    Alternatively, the EIB can be contacted through its external offices.
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