Release date: 9 January 2023
Promoter – Financial Intermediary
BANK LEUMI LE ISRAEL BMLocation
Description
The facility aims to finance eligible investments undertaken by small and medium sized enterprises (SMEs) and Midcaps in Israel.
Objectives
The primary objective of the operation is to enhance access to medium- to long-term funding for Israeli SMEs and Mid-Caps, thereby contributing to economic resilience and employment generating activities in the country.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The EIB will require the intermediary institution to take all the requisite measures to ensure that the procedures including procurement procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the ElB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country.
Procurement
The EIB will require the intermediary institution to take all requisite measures to ensure that any procurement procedures carried out by final beneficiaries for the sub-projects that the Bank finances are in accordance with the Bank's Guide to Procurement.
Status
Signed - 31/12/2022
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).