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    Reference: 20200300
    Release date: 25 August 2020

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S)

    Location

    Description

    EUR 340m funding line under the EU PROGRAMME LOAN RESPONSE TO COVID19 CRISIS FOR SMES & MIDCAPS

    Objectives

    Financing of small- and medium-sized enterprises (SMEs) and mid-caps through the Instituição Financeira de Desenvolvimento (IFD). These operations are financed under a Programme Loan ("PL") dedicated to supporting working capital and liquidity needs of SMEs and mid-caps affected by the COVID-19 pandemic. The presented Programme Loan is part of the economic response to the COVID-19 outbreak coordinated with the European Commission.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 340 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 - 2/11/2020

    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