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    Reference: 20150695
    Release date: 20 April 2016

    Promoter – Financial Intermediary




    The operation entails the establishment of a guarantee scheme with the promoter to enable intermediated financing of innovative mid-caps in accordance with Horizon 2020 eligibilities. The operation will be used to cover 50% of the credit risk associated with a portfolio of new loans originated by Banco BPI SA. The guaranteed portfolio will be composed of innovative mid-cap loans having eligible expenditures.


    Financing of projects carried out by innovative mid-caps


    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 420 million

    Environmental aspects

    The project refers to a multi-sector multi-scheme operation and some of the sub-projects may fall under Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. The Bank requires the promoter and the final beneficiary to act according to the provisions of the aforementioned directives as transposed into national law, as well as according to the provisions in the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC if a sub-project has a negative impact on an area forming part of the Natura 2000 network.


    The promoter and the final beneficiaries are private companies not operating in the utilities sector and not having the status of a contracting authority. The EU directives on public procurement are not applicable.


    Signed - 21/12/2017


    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).

    Related tags

    Portugal Credit lines