Reference: 20130316
Release date: 16 January 2014

Promoter – Financial Intermediary

First National Bank is a commercial, retail and investment bank in Lebanon

Location

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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Lebanon Services