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BPI INNOVFIN MID-CAP GUARANTEE

Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Portugal : € 150,000,000
Credit lines : € 150,000,000
Signature date(s)
21/12/2017 : € 150,000,000
Link to source

Summary sheet

Release date
20 April 2016
Status
Reference
Signed | 21/12/2017
20150695
Project name
Promoter - financial intermediary
BPI INNOVFIN MID-CAP GUARANTEE
BANCO BPI SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 420 million
Location
Sector(s)
Description
Objectives

The operation entails the establishment of a guarantee scheme with the promoter to enable intermediated financing of innovative mid-caps in accordance with Horizon 2020 eligibilities. The operation will be used to cover 50% of the credit risk associated with a portfolio of new loans originated by Banco BPI SA. The guaranteed portfolio will be composed of innovative mid-cap loans having eligible expenditures.

Financing of projects carried out by innovative mid-caps

Environmental aspects
Procurement

The project refers to a multi-sector multi-scheme operation and some of the sub-projects may fall under Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. The Bank requires the promoter and the final beneficiary to act according to the provisions of the aforementioned directives as transposed into national law, as well as according to the provisions in the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC if a sub-project has a negative impact on an area forming part of the Natura 2000 network.

The promoter and the final beneficiaries are private companies not operating in the utilities sector and not having the status of a contracting authority. The EU directives on public procurement are not applicable.

Link to source

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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