ANNOUNCEMENT 14 Apr 2011

On 14 April 2011, the EIB provided financing worth EUR 100 million (USD 144 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 14 Apr 2011 | Removal date: open ended

State loan

On 14 April 2011, the European Investment Bank (EIB) and Banco Popular Portugal S.a. signed an agreement worth EUR 100 million (approx. USD 144 million) for the project Banco Popular Portugal Loan for SMEsii from Portugal.

According to the project description issued by the EIB, Small and medium-scale ventures in industry, tourism, services and other eligible sectors..

The objective of the project is defined as following: It will contribute to the EU and EIB priority objective of fostering investments by SMEs in industry, tourism, services and other eligible sectors..

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

 
N/A

AFFECTED PRODUCTS

 
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