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)
- Credit lines - Credit lines
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 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).