Release date: 10 March 2009
Promoter – Financial Intermediary
Banco Popular Portugal S. A.
Location
Description
A credit line for small and medium sized projects to be originated and administered by Banco Popular Portugal S. A. Allocations to SMEs would account for no less than 70% of the total credit line amount.
Objectives
It will contribute to EU and EIB priority objective of fostering investments primarily by SMEs in industry, tourism, services and other eligible sectors. A large share of the investments will be carried out in convergence regions.
Sector(s)
Proposed EIB finance (Approximate amount)
Estimated at EUR 50 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 - 2/09/2009
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).