Release date: 6 September 2016
Promoter – Financial Intermediary
FIRST NATIONAL BANK SAL, BYBLOS BANK SAL, FRANSABANK SAL, SOCIETE GENERALE DE BANQUE AU LIBAN SALLocation
Description
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.
Objectives
Financing of small/medium projects carried out by SMEs, mid-caps and other private or public sector entities
Comments
This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 270 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 - 6/07/2017
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).