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    Reference: 20160630
    Release date: 26 October 2016

    Promoter – Financial Intermediary

    Banco de Inversión y Comercio Exterior (BICE)

    Location

    Description

    A line of credit to part-finance projects undertaken by small and medium-sized enterprises (SMEs) and mid-caps in Argentina, and implemented by Banco de Inversión y Comercio Exterior (BICE)

    Objectives

    The project aims to contribute to better access to long-term finance for the local private sector in Argentina.

    Sector(s)

    • Services - Financial and insurance activities

    Under ELM Guarantee

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

    Proposed EIB finance (Approximate amount)

    EUR 61 million

    Total cost (Approximate amount)

    EUR 120 million

    Environmental aspects

    The promoter will be required to comply with the Bank's environmental and social (E&S) standards.

    Procurement

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Signed - 2/11/2017

    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

    Argentina Services