Release date: 9 February 2009
Promoter – Financial Intermediary
Banco BPI S.A.
Location
Description
A credit line for small and medium sized projects to be originated and administered by BPI in the SME and municipal sector in Portugal. The EIB and BPI would co-finance SMEs and Local Authorities according to pre-defined rules and procedures concerning the projects and promoters. Allocations to SMEs would account for no less than 70% of the total credit line amount.
Objectives
The credit line will contribute to EU and EIB priority objective of fostering investments by SMEs and municipalities. 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 or in line with standard rules for this type of projects.
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 - 18/05/2009
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).