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    Reference: 20220538
    Release date: 20 July 2022

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S),ACCEPTABLE CORPORATE(S)

    Location

    Description

    Programme loan (PL) to support EU small and medium-sized enterprises (SMEs) / mid-caps, climate and/or innovation financing as well as other policy objectives. The PL will achieve its objectives through the participation in senior and/or mezzanine tranches of securitsation structures issued by acceptable EU financial institutions such as banks and leasing companies.

    Objectives

    This programme loan is a dedicated securitisation (ABS) purchasing and guarantee programme to allow banks to transfer risk of portfolios of loans for the purpose of mobilising c. EUR 7 billion of support mainly targeting EU SMEs and mid-caps, but not excluding other policy areas such as climate, innovation, etc. This initiative is intended to provide a swift support to EU final beneficiaries, whose access to finance is being jeopardised by an ongoing war at the gates of Europe, high inflation levels not seen in decades and high energy prices. In addition, the PL would strive to support other key priority EU policies such as REPowerEU under certain sub-operations.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 4000 million

    Total cost (Approximate amount)

    EUR 14000 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 - 14/09/2022

    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).

    Related tags

    EU Countries Credit lines