Release date: 11 October 2011
Promoter – Financial Intermediary
Bank Audi, BLC Bank and Société Générale du Banque au Liban
Location
Description
The proposed credit line facility is aimed at the partial financing of small and medium-sized investment projects targeting eligble sectors, undertaken by private enterprises.
Objectives
For the purpose of providing long-term financing to projects of implemented by small and medium-sized enterprises in Lebanon. The proposed line of credit will improve the availability of long-term funding to a spectrum of financial beneficiaries in a number of eligible sectors.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 55 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
Projects co-financed under the proposed facility will be required to comply with the relevant national legal framework and be acceptable to the Bank in line, as appropriate, with the EU environmental policy and legislation.
Procurement
Normal procurement rules for EIB global loans will apply.
Status
Signed - 21/12/2011
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).