Release date: 13 December 2005
Promoter – Financial Intermediary
Bank Hapoalim B.M.Location
Description
Long term financing for small and medium sized enterprises in the Israeli private sector.
Objectives
The project marks the renewal of EIB co-operation in Israel, a key member of the Mediterranean Partner Countries. Support for the local SME sector is a vital part of the Reinforced FEMIP and the Barcelona Process.
Comments
Private sector small and medium sized enterprises in industry, services and infrastructure sectors in Israel.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 75 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 - 28/12/2006
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).