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    Reference: 20210548
    Release date: 4 November 2021

    Promoter – Financial Intermediary

    CAIXA ECONOMICA MONTEPIO GERAL CAIXA ECONOMICA BANCARIA SA

    Location

    Description

    The proposed operation concerns a guarantee scheme under the European Guarantee Fund (EGF) in Portugal, which will support the financing of mostly mid-caps (also large corporates to a lesser extent) in sectors that have been affected by the COVID-19 pandemic and that are in line with the EIB's long-term mission (innovation; environment; indirect small and medium-sized enterprise (SME) support, through the requirement of creating an additional portfolio).

    Objectives

    Linked risk-sharing operation under the European Guarantee Fund (EGF) for mid-caps and other eligible entities in Portugal, aiming to mobilise funding resources to respond to the economic impact of the COVID-19 pandemic. The supported final recipients are considered to: (i) be viable in the long-term; (ii) meet the lender's requirements for commercial financing, were it not for the economic impact of the COVID-19 pandemic. In line with the EGF, this is a limited-time intervention.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 116 million

    Total cost (Approximate amount)

    EUR 380 million

    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 - 23/11/2021

    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