Reference: 20200298
Release date: 19 June 2020

Promoter – Financial Intermediary

BANCO SANTANDER CONSUMER PORTUGAL SA

Location

Description

The operation will finance the implementation of urgent response measures aiming to mitigate the impact of the COVID-19 in Portugal and increase SME financing with a focus on alternative access to finance through loans and leases, in this specific case through the purchase of the mezzanine tranche of a securitisation.

Objectives

The aim is to enhance access to financing for small and medium-sized enterprises in Portugal.;

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 55 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

Signed - 22/07/2020

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

Portugal Credit lines