Release date: 26 May 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S),BANQUE CALEDONIENNE D'INVESTISSEMENTLocation
Description
The Overseas Countries and Territories (OCTs) Financial Sector Facility is a credit facility addressing the adverse consequences of the COVID-19 pandemic on the private sector, in particular for micro, small and medium sized enterprises (SMEs) in New Caledonia and French Polynesia.
Objectives
The main objective is to support on-lending by financial intermediaries to private sector projects carried out by SMEs and midcaps.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 36 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 - 15/12/2020
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).