Signature(s)
Amount
€ 225,000,000
Countries
Sector(s)
Portugal
: € 225,000,000
Credit lines
: € 225,000,000
Signature date(s)
17/12/2019 : € 225,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
14 February 2020
Status
Reference
Signed | 17/12/2019
20180197
Project name
Promoter - financial intermediary
NOVO BANCO LOAN FOR SMES AND MIDCAPS
NOVO BANCO SA,ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 225 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The operation will provide a loan to Novo Banco that will help to support projects carried out primarily by small and medium-sized enterprises (SMEs) and midcaps, mainly located in Portugal and in convergence areas.
The aim is to contribute to strengthen the productivity and competitiveness of SMEs and midcaps, by promoting medium and long-term lending for capital investments.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Related projects
Link to source
Summary sheet
Other links
Data sheet