Release date: 6 December 2017
Promoter – Financial Intermediary
BANCO COMERCIAL PORTUGUES SALocation
Description
Loan for financing small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) and mid-caps impacted by forest fires in Portugal.
Objectives
The proposed EIB loan would promote medium and long-term lending for capital investments to companies suffering from the effects of the 2017 wildfires, to enable them to resume and/or stabilise their economic activity.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 150 million
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 - 29/12/2017
Disclaimer
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).