EIB agrees credit line to finance SMEs in Portugal

The European Investment Bank (EIB) will grant a €100 million loan to Instituição Financeira de Desenvolvimento under an established €250 million credit line. It will be used to finance small and medium-sized enterprises and midcaps in Portugal. SMEs will be able to receive financial support of up to €12.5 million per project, and midcaps up to €25 million.