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    Signature(s)

    Amount
    € 259,085,865.04
    Countries
    Sector(s)
    Lebanon : € 259,085,865.04
    Credit lines : € 259,085,865.04
    Signature date(s)
    29/06/2017 : € 29,358,626.13
    28/06/2017 : € 58,797,362.64
    29/06/2017 : € 73,251,993.34
    30/06/2017 : € 97,677,882.93
    Link to source

    Summary sheet

    Release date
    6 September 2016
    Status
    Reference
    Signed | 06/07/2017
    20150783
    Project name
    Promoter - financial intermediary
    LEBANON PRIVATE SECTOR SUPPORT
    FIRST NATIONAL BANK SAL, BYBLOS BANK SAL, FRANSABANK SAL, SOCIETE GENERALE DE BANQUE AU LIBAN SAL
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 270 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    This facility aims to provide credit lines to local financial intermediaries (FIs) in Lebanon to finance small and medium-sized projects promoted by small and medium-sized enterprises (SMEs), mid-caps and other private or public sector entities. This project will contribute to support for the economic growth and the resilience of the Lebanon economy in the context of the refugee crisis.

    Financing of small/medium projects carried out by SMEs, mid-caps and other private or public sector entities

    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.

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    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).

    News & Stories

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    Alternatively, the EIB can be contacted through its external offices.
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