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DBS GLOBAL LOAN VI

Signature(s)

Amount
€ 5,000,000
Countries
Sector(s)
Seychelles : € 5,000,000
Credit lines : € 5,000,000
Signature date(s)
24/08/2012 : € 5,000,000
Link to source

Summary sheet

Release date
20 June 2012
Status
Reference
Signed | 24/08/2012
20110477
Project name
Promoter - financial intermediary
DBS Line of Credit VI
Development Bank of Seychelles Contact point: Mr Roger Toussaint, Managing Director
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 5 million
not applicable
Location
Sector(s)
Description
Objectives

Line of credit in favour of the Republic of Seychelles to finance loans to small and medium sized enterprises in Seychelles, through the intermediary Development Bank of Seychelles (DBS).

The line of credit is to support the availability of term finance to small and medium sized enterprises (SMEs) operating in the productive and service sectors in the Seychelles.

Environmental aspects
Procurement

DBS shall ensure that projects financed are implemented in conformity with the environmental laws of Seychelles.

DBS shall take all the requisite measures to ensure that the procurement of works, goods and services relating to the subprojects which the EIB finances is the most economically-advantageous option, following appropriate procedures in the light of the circumstances and taking account of quality and efficiency.

Link to source
Summary sheet

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).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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