Release date: 10 February 2016
Promoter – Financial Intermediary
BANK AUDI SALLocation
Description
A dedicated EIB loan to finance projects promoted mainly by small and medium-sized enterprises (SMEs) and midcaps in Lebanon.
Objectives
The project aims to improve access to term finance at favourable conditions through the financing of small/medium projects carried out mainly by SMEs and midcaps.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Political Risk Guarantee.
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 15/11/2017
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).