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    Reference: 20180197
    Release date: 14 February 2020

    Promoter – Financial Intermediary

    NOVO BANCO SA,ACCEPTABLE BANK(S)

    Location

    Description

    The operation will provide a loan to Novo Banco that will help to support projects carried out primarily by small and medium-sized enterprises (SMEs) and midcaps, mainly located in Portugal and in convergence areas.

    Objectives

    The aim is to contribute to strengthen the productivity and competitiveness of SMEs and midcaps, by promoting medium and long-term lending for capital investments.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 225 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 - 17/12/2019

    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

    Portugal Credit lines