Release date: 20 April 2020
Promoter – Financial Intermediary
BANQUE FEDERATIVE DU CREDIT MUTUELLocation
Description
The project consists of a Multi-Beneficiary Intermediated Loan (MBIL) to support a new portfolio of loans to small and medium sized enterprises (SMEs) and midcaps affected by the Covid19 crisis in France.
Objectives
The operation will enable to enhance access to finance for the target beneficiaries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 350 million
Environmental aspects
Final beneficiaries need to comply with EU and national legislation.
Procurement
Final beneficiaries need to comply with EU and national legislation.
Status
Signed - 17/06/2020
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).