Release date: 5 March 2009
Promoter – Financial Intermediary
Banco Santander Totta S.A.
Location
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)
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
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).