Release date: 10 August 2005
Promoter – Financial Intermediary
Byblos Bank SALLocation
Description
Financing of small and medium sized long term projects, primarily of private sector SMEs throughout Lebanon.
Objectives
The project will support the development of the Lebanese private sector, in a broad range of economic sectors, and contribute to the development of the financial sector, which are considered key pillars for the overall economic and social development of Lebanon.
Comments
Industry, agro-industry, tourism, health, education and services sectors normally eligible for EIB financing.
Sector(s)
Proposed EIB finance (Approximate amount)
Around EUR 50 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
All investments financed from the resources made available by the Bank through global loan operations are required to comply with the relevant national legal framework and be acceptable, in environmental terms, to the Bank in line, as appropriate, with the EU Environmental policy and legislation.
Procurement
The Bank’s standard procurement guidelines to Global Loans will apply.
Status
Signed - 22/12/2005
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).