Release date: 16 January 2008
Promoter – Financial Intermediary
Bank Audi, BankMed, Banque Libano-Francaise, Byblos Bank, Fransabank
Location
Description
The credit line is aimed at the partial financing of long-term investments undertaken by private sector small and medium sized enterprises (SMEs) in all eligible sectors of the Lebanese economy.
Objectives
Small and medium sized enterprises are the main source of private sector growth in Lebanon, and supporting them and the development of local financial markets are priority activities under the European Neighbour and Partnership Countries Mandate. The proposed line of credit will improve the availability of long-term funding to a spectrum of final beneficiaries in a number of eligible sectors.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 195 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
All investments financed from the resources made available by the Bank through credit line operations are required to comply with the relevant national legal framework and be acceptable to the Bank, in environmental terms in line, as appropriate, with EU environmental policy and legislation.
Procurement
The Bank’s standard procurement guidelines for Global Loans will apply.
Status
Signed - 20/12/2007
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).