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    Reference: 20200225
    Release date: 24 March 2020

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S),ACCEPTABLE NPB(S)

    Location

    Description

    The project consists in a Programme Loan dedicated to supporting working capital and liquidity needs of SMEs and midcaps affected by the COVID-19 epidemic. The operation is part of the economic response to the COVID-19 outbreak coordinated with the European Commission.

    Objectives

    The Pan-European Programme Loan aims at mobilsing financial resources to mitigate the impact of the COVID-19 epidemic on European SMEs and midcaps. Sub-operations will be loans for SMEs and Midcaps to eligibile financial intermediaries, National and Regional Promotional Banks. Each sub-operation could be accompanied by other measures provided by authorities.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 5000 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

    Approved - 3/04/2020

    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

    EU Countries Credit lines