Release date: 22 October 2004
Promoter – Financial Intermediary
Banque du Liban, acting as manager of the EIB loan. Banque du Liban will channel EIB funds to several Lebanese banks (acting as financial intermediaries between the EIB and the final beneficiaries).Location
Description
The proposed facility consists of a global loan open to several Lebanese banking intermediaries (“Apex GL”) aimed at cofinancing private sector investments in the country. The proposed operation would follow two dedicated Apex GLs (Renovation des Hotels and Modernisation Industrielle), developed by the Bank over the last years.
Objectives
Final beneficiaries of the proposed Apex GL will be private sector entities investing in Lebanon. The proposed operation is expected to improve the access of private sector companies to long-term debt financing.
Comments
Several sectors, including among others industry and tourism.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 60m.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Project is not expected to involve specific environmental effects. Standard EIB guidelines on environmental issues will apply.
Procurement
EIB procurement guidelines for global loans will apply.
Status
Signed - 27/12/2004
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).