Release date: 24 January 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
The project consists of a global authorisation to provide SME loan guarantees to local banks and other financial intermediaries under the Economic Resilience Initiative (ERI) - Impact Finance window.
Objectives
By enabling financial intermediaries to take on more risk and thus reach out to underserved and riskier segments of the economy, the operation will enable them to improve lending terms and conditions and thus providing wider access to finance for SMEs in the selected countries, in particular in Jordan and Lebanon.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 500 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
Approved - 14/03/2019
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).