Release date: 14 February 2020
Promoter – Financial Intermediary
NOVO BANCO SA,ACCEPTABLE BANK(S)Location
Description
The operation will provide a loan to Novo Banco that will help to support projects carried out primarily by small and medium-sized enterprises (SMEs) and midcaps, mainly located in Portugal and in convergence areas.
Objectives
The aim is to contribute to strengthen the productivity and competitiveness of SMEs and midcaps, by promoting medium and long-term lending for capital investments.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 225 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 - 17/12/2019
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).