Release date: 25 October 2005
Promoter – Financial Intermediary
BCA-Banco Comercial do Atlântico
BIA-Banco Interâtlantico
Location
Description
Credit line to the financial sector to provide medium and long term financing to small and medium-sized private companies as well as commercially run public sector enterprises.
Objectives
Provision of long term lending to SMEs as well as improvement of efficiency and competition in the banking sector in Cape Verde.
Comments
Sectors eligible under this global loan will be industry, agro-industry, tourism and related service sectors, health and education.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 8 million.
Total cost (Approximate amount)
Not applicable
Environmental aspects
Compliance with EU and national environmental legislation and guidelines will be made a condition for each sub-project under the global loan.
Procurement
Compliance with EU Directives and national legislation and guidelines is made a condition for each allocation under the global loan.
Status
Signed - 20/12/2005
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).