BCP LRS ENHANCED SUPPORT FOR MIDCAPS

Promoter – Financial Intermediary

BANCO COMERCIAL PORTUGUES SA

Location

• Portugal

Description

The project consists in a linked risk-sharing operation (own-resources; full delegation) to support mid-caps in Portugal across all EIB's eligible sectors.

Objectives

- Market gap / sub-optimal investment situation: The operation is launched to support the ongoing recovery of the Portuguese economy in the aftermath of the COVID-19 pandemic, followed and exacerbated by the war in Ukraine that affected Portuguese small and medium sized enterprises (SMEs) and mid-caps, which have above EU-average structural weight in the national economy and are more vulnerable to economic downturns compared to larger corporates. - Project acceleration: The quick mobilisation of financing for corporates is strategic to ensure that companies continue to have liquidity to operate and contribute to the country's productive capacity for goods and services. - Employment: The operation will contribute to the preservation and creation of employment in a still unstable phase of the economic cycle. - Financial Support to Midcaps: The operation addresses the EIB objective of providing financial support to mid-caps, allowing for competitive and flexible financing. Cohesion: Around 64% of the operation is expected to benefit Midcaps located in cohesion priority regions.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 560 million

Environmental aspects

The EIB will require that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.

Procurement

The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.

Status

Under appraisal