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LEBANON PRIVATE SECTOR SUPPORT

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

General enquiries and comments

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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.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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.

Zero tolerance against fraud and corruption

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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