Release date: 8 November 2024
Promoter – Financial Intermediary
BNP PARIBAS FORTISLocation
Description
The EIB guarantee will enable the intermediary to finance projects carried out by small and medium enterprises (SMEs) and Mid-Caps in Belgium.
Objectives
The aim is to enhance access to finance to SMEs and Mid-Caps in Belgium, notably in Cohesion regions, with 20% focus on Climate Action & Environmental Sustainability (CA&ES), more specifically projects in renewable Energy, Energy Efficiency and, to a lesser extent, clean transportation and sustainable waste and water management. The operation is a further step in implementing CA&ES through financial intermediaries, targeting a specific sub-segment of SME/Mid-Cap lending. The financially sound financial intermediary is well placed to implement such a project. The facility will contribute to maintain employment as it is expected to support a large number of smaller loans to SMEs and Mid-Caps. EIB's cooperation and engagement with the financial intermediaries aids in facilitating the transition to greener financing.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 110 million
Total cost (Approximate amount)
EUR 616 million
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 - 3/12/2024
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).