Reference:
20130316
Release date: 16 January 2014
Release date: 16 January 2014
Promoter – Financial Intermediary
First National Bank is a commercial, retail and investment bank in LebanonLocation
Description
The proposed operation consists of an equity participation of up to USD 15m in First National Bank through a capital increase
Objectives
Financing First National Bank's expansion plans which include increasing access to finance of SMEs
Comments
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 11 million
Total cost (Approximate amount)
EUR 35 million
Environmental aspects
In line with the EIB's requirements
Procurement
Not applicable
Status
Signed - 11/06/2014
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).