Santander Totta Loan for SMEs I

Promoter – Financial Intermediary

Banco Santander Totta S.A.

Location

• Portugal

Description

Credit line facility for financing SMEs in Portugal.

Objectives

The operation concerns a facility for the financing of projects promoted essentially by SMEs in Portugal. It will therefore contribute to EU and EIB priority objective of fostering investments by SMEs. A large share of the investments will be carried out in convergence regions. The operation is therefore eligible for financing under the EC Treaty Article 267 a) Convergence and c) Common European interest (SME).

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

Estimated at EUR 175 million.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

In line with standard procedures and SMEs credit line guidelines.

Procurement

In line with standard procedures and SMEs credit line guidelines.

Status

Signed - 28/03/2011