Release date: 20 July 2023
Promoter – Financial Intermediary
NOVO BANCO SALocation
Description
The operation will enable Novo Banco (NB) to finance projects carried out primarily by small and medium-sized enterprises (SMEs) and mid-caps operating in Portugal's cohesion regions (which represent the vast majority of the country).
Objectives
The aim is to enhance access to finance for the target beneficiaries, supporting small/medium sized projects in eligible sectors, including a material Climate Action component.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 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 - 7/03/2023
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).