Reference:
20080262
Release date: 19 June 2008
Release date: 19 June 2008
Promoter – Financial Intermediary
Banco Espírito Santo, S.A.Location
Description
Credit line to provide term finance to SMEs and possibly local authorities.
Objectives
The financing of small and medium scale projects undertaken by SMEs contributing to strengthen their productivity and competitiveness. Some of the projects may also contribute to promote the knowledge-economy, energy savings or renewable energies as well as protection of the environment. Projects by municipalities could also be included.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Eligible projects should comply with relevant European and national environmental legislation.
Procurement
Where applicable, public procurement procedures will have to be followed and complied with by the final beneficiaries.
Status
Signed - 10/12/2008