Status : Active Phase : Planning (Under appraisal) Reference: 20140280 Release date: 05 June 2014 Promoter Financial Intermediary : BANCO SANTANDER TOTTA SA Location : Portugal Sector(s) : Credit lines Proposed EIB finance (Approximate amount) : EUR 200 million Description : Loan for financing small and medium-sized projects carried out primarily by SMEs or Mid-Caps, mainly located in Portugal. Objectives : The loan is expected to be mainly used - for at least 70% - for the financing of small and medium-sized investment projects in eligible sectors carried out by SMEs and mid-cap enterprises (up to 3,000 employees), primarily in Portugal but also in other European countries. The proposed EIB loan would promote medium and long-term lending for capital investment, and would mainly contribute to strengthen the productivity and competitiveness of SMEs and mid-caps. The majority of projects are expected to concern convergence areas. Some of the projects may contribute to investment in education, industry, service, tourism, energy savings or renewable energy, protection of the environment or R&D. 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.
Project completion date : 2015-06-30 12:00:00
Major organization : BANCO SANTANDER TOTTA SA
Address : Rua Aurea 88 Lisbon, 1100-063 Portugal Website :www.santandertotta.pt
Financier : European Investment Bank (EIB),
Financier address : Financier : European Investment Bank 98-100, boulevard Konrad Adenauer L-2950 Luxembourg Website : www.eib.org/ Tel : (+352) 43 79 1 Fax : (+352) 43 77 04