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    Reference: 20240036
    Release date: 9 October 2024

    Promoter – Financial Intermediary

    BNP PARIBAS

    Location

    Description

    The guarantee instrument will enable the intermediary to provide new loans to small, medium sized enterprises (SMEs) and mid-caps in France.

    Objectives

    The aim is to enhance access to finance to the target beneficiaries. At least 20% of the resources will support Climate Action, e.g. energy, transport and waste management projects.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 900 million

    Environmental aspects

    The operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". BNPP has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Approved - 4/11/2024

    Milestone
    Approved
    4 November 2024

    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

    France Credit lines