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    Reference: 20150783
    Release date: 6 September 2016

    Promoter – Financial Intermediary

    FIRST NATIONAL BANK SAL, BYBLOS BANK SAL, FRANSABANK SAL, SOCIETE GENERALE DE BANQUE AU LIBAN SAL

    Location

    Description

    This facility aims to provide credit lines to local financial intermediaries (FIs) in Lebanon to finance small and medium-sized projects promoted by small and medium-sized enterprises (SMEs), mid-caps and other private or public sector entities. This project will contribute to support for the economic growth and the resilience of the Lebanon economy in the context of the refugee crisis.

    Objectives

    Financing of small/medium projects carried out by SMEs, mid-caps and other private or public sector entities

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 270 million

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 6/07/2017

    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 Credit lines