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    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