Release date: 11 September 2018
Promoter – Financial Intermediary
IFD - INSTITUICAO FINANCEIRA DE DESENVOLVIMENTO SALocation
Description
The project consists of a loan to IFD to be on-lent through financial intermediaries to support the modernisation and capitalisation of small and medium-sized enterprises (SMEs) and mid-caps.
Objectives
The proposed EIB loan will promote medium and long term lending for capital investment, and will contribute to strengthening the productivity and competitiveness of SMEs and mid-caps, targeting viable companies that underwent a successful financial restructuring process.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 100 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 - 14/12/2018
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).