Release date: 5 December 2006
Promoter – Financial Intermediary
Banque du LibanLocation
Description
The proposed facility consists of an Apex Global Loan open to Lebanese Banks selected by EIB and aimed at co-financing private sectors investments in support of SMEs affected by the recent conflict.
Objectives
Lebanese SMEs have been seriously affected by the recent conflict and need access to tailored credit facilities; (longer maturities and grace periods - lower interest rates). The proposed financing will provide a sustainable means of support for the backbone of private sector business in the country.
Comments
Multi-sector.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million.
Total cost (Approximate amount)
Estimated at least at EUR 200 million.
Environmental aspects
All investments financed from the resources made available by the Bank through global loan operations are required to comply with the relevant national legal framework and be acceptable, in environmental terms, to the Bank in line, as appropriate, with the EU Environmental policy and legislation.
Procurement
The Bank’s standard procurement guidelines to Global loans will apply.
Status
Signed - 29/11/2007