📋 Tender Overview
Reference: 20240511
Release date: 21 January 2025
Promoter – Financial Intermediary
BANCO SANTANDER TOTTA SA
Location
Portugal
Description
The operation is a standard multiple beneficiary intermediated loan (MBIL) to finance small and medium sized enterprises (SMEs) and mid-caps in Portugal.
Objectives
The aim is to support eligible small and medium-sized investment projects in Portugal.
Sector(s)
Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 325 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal - 29/10/2024
