Release date: 9 November 2018
Promoter – Financial Intermediary
STRATEGIC BANKING CORPORATION OF IRELANDLocation
Description
The project consists of a guarantee structure similar to the Small and Medium-sized Enterprises (SME) Initiative scheme for investment loans to Irish SMEs, small mid-caps and agri-businesses to foster resilience against external economic shocks, specifically adverse effects on the Irish economy and financial sector potentially caused by the withdrawal of the UK from the EU.
Objectives
The project is a guarantee structure addressing the availability of longer duration finance and support long-term investment, which is following the SME initiative scheme for investment loans to Irish SMEs, small MidCaps and Agri-businesses, though with national funds covering the First Loss Piece.
Comments
The promoter, SBCI, the Irish national promotional bank, requested a delay of the publication after October 9, the date of the Irish budget announcement.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 395 million
Total cost (Approximate amount)
EUR 1120 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 - 14/06/2019
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).