Release date: 3 November 2023
Promoter – Financial Intermediary
FAMILY BANK LTDLocation
Description
Intermediated lending transaction with Family Bank Limited to finance the expansion of its SME/Midcaps lending portfolio with a particular focus on youth and gender finance in line with the 2X Challenge criteria.
Objectives
Financing of small/medium projects carried out by small and medium-sized enterprises and midcaps, with a particular focus on youth and gender finance in line with the 2X Challenge criteria.
Sector(s)
- Credit lines - Credit lines
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 50 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
Under appraisal
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).