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    Reference: 20190167
    Release date: 26 April 2021

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S),CAPITAL BANK OF JORDAN PSC,THE HOUSING BANK FOR TRADE AND FINANCE

    Location

    Description

    Long-term financing for small and medium-sized enterprises (SMEs) and mid-caps to improve access to finance and financial inclusion, which have been identified as key factors for reinforcing Jordan's economic resilience.

    Objectives

    The facility aims to finance eligible small and medium-sized investments undertaken by small and medium-sized enterprises (SMEs) and mid-caps in Jordan as well as potentially Palestine, thereby contributing to economic resilience, employment-generating activities and alleviating the economic burden of the COVID-19 crisis in the concerned countries.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 350 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    The intermediary institution will be required to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the EIB's Environmental and Social Standards.

    Procurement

    The intermediary institution will be required to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with the EIB Guide to Procurement.

    Status

    Signed - 7/07/2020

    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

    Jordan Credit lines