back Back

EIB Group & BNP Paribas sign securitisation to support French SMEs

By Gloria Methri

May 23, 2023

  • Bnp Paribas
  • EIB Group
  • European Investment Bank
Share

The European Investment Bank (EIB) along with the European Investment Fund (EIF) and BNP Paribas are launching a synthetic securitisation to support French companies.

The transaction consists of an EIB Group guarantee on an existing portfolio of loans granted by BNP Paribas to French small and medium-sized enterprises (SMEs) and mid-caps. The guarantee enables BNP Paribas to free up part of the regulatory capital allocated to this portfolio and to deploy €475 million in new loans to SMEs and mid-caps in France over the next two years.

These new financing operations may take the form of bank loans or leasing transactions. The on-lending arrangement granted by the EIB will allow beneficiaries to enjoy enhanced preferential financial conditions.

Marguerite Bérard, Head of French Retail Banking of BNP Paribas and member of the Executive Committee, said, “With the success of previous transactions with the EIB Group, we are thrilled to now be able to commit to making €475 million in new financing available to SMEs and mid-caps at reduced rates over the next two years. With a view to helping our customers accelerate their energy transition, enhancing the financing conditions for sustainable assets is one part of a long-standing BNP Paribas approach, which includes the use of impact financing.”

EIB Vice-President Ambroise Fayolle added, “With this, their third joint securitisation since 2017, the EIB and BNP Paribas are continuing their efforts to facilitate access to finance for SMEs and mid-caps. Financing these entities is an EIB priority — one to be achieved by working with our banking partners to develop attractive credit solutions that help sustain business operations and support investment.”

EIF Chief Executive Marjut Falkstedt said, “The EIF is pleased to be working with BNP Paribas to use our securitisation tools to provide additional resources to SMEs and mid-caps. The BNP Paribas group is a long-standing and trusted partner for the EIF, enabling it to provide effective support to French companies in their search for financing for their investments.”

Previous Article

May 23, 2023

Checkout.com gains acquiring license from the UAE Central Bank

Read More
Next Article

May 23, 2023

Mastercard and Foloosi launch Click to Pay in UAE

Read More









IBSi Daily News Analysis

Middle East, Egypt

January 16, 2024

Bnp Paribas

Egypt among top remittance recipient countries in 2023: World Bank

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

FinBox & Capital Now team to enhance digital onboarding and risk assessment

Read More

January 15, 2024

FincFriends onboards Gaurav Sharma as Chief Compliance Officer

Read More

January 15, 2024

NatWest offers IP-based lending to support high growth businesses

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023