Release date: 24 March 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S),ACCEPTABLE NPB(S)Location
Description
The project consists in a Programme Loan dedicated to supporting working capital and liquidity needs of SMEs and midcaps affected by the COVID-19 epidemic. The operation is part of the economic response to the COVID-19 outbreak coordinated with the European Commission.
Objectives
The Pan-European Programme Loan aims at mobilsing financial resources to mitigate the impact of the COVID-19 epidemic on European SMEs and midcaps. Sub-operations will be loans for SMEs and Midcaps to eligibile financial intermediaries, National and Regional Promotional Banks. Each sub-operation could be accompanied by other measures provided by authorities.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 5000 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
Approved - 3/04/2020
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).