ANNOUNCEMENT 22 Jun 2018

In June 2018, the European Investment Bank (EIB) signed a credit line agreement with Banque Fédérative du Crédit Mutuel to support projects carried out by small and medium-sized enterprises (SMEs) and mid-cap companies in France.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, BFCM PRET POUR PME ET ETI II: http://www.eib.org/en/projects/loan/loan/20180019
The European Investment Bank, Project summary, Project No. 20180019, BFCM PRET POUR PME ET ETI II: http://www.eib.org/en/projects/pipelines/pipeline/20180019

Inception date: 22 Jun 2018 | Removal date: open ended

State loan

The credit line agreement between the European Investment Bank (EIB) and Banque Fédérative du Crédit Mutuel was signed on 22 June 2018 and has a total approved value of EUR 250 million (USD 290.8 million). Under the credit line, an initial loan having a total value of EUR 150 million was signed on the same day.

The credit line will, through Banque Fédérative du Crédit Mutuel, support projects carried out by French small and medium-sized enterprises (SMEs) and mid-caps. The credit line is financed under the EIB 2017 programme for EU SMEs and mid-caps, see related state act.

According to the EIB: "This intermediated loan (ed. the credit line) will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps."

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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