Release date: 19 June 2020
Promoter – Financial Intermediary
BANCO SANTANDER CONSUMER PORTUGAL SALocation
Description
The operation will finance the implementation of urgent response measures aiming to mitigate the impact of the COVID-19 in Portugal and increase SME financing with a focus on alternative access to finance through loans and leases, in this specific case through the purchase of the mezzanine tranche of a securitisation.
Objectives
The aim is to enhance access to financing for small and medium-sized enterprises in Portugal.;
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 55 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 - 22/07/2020
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).