Credit Line with Mutual Guarantee, IFD 2016-2020 (Azores)

Call for Tenders for selection of financial intermediaries to receive resources from the Debt and Guarantees Fund (FD&G), managed by IFD – Instituição Financeira de Desenvolvimento, S.A., within the financial instrument Credit Line with Mutual Guarantee, IFD 2016-2020 (Azores), with a global endowment by FD&G of € 6 484 434.85.


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Financial Instruments

Credit Line with Mutual Guarantee, IFD 2016-2020 (in execution)

Credit Line with Mutual Guarantee, IFD 2016-2020 (Azores) (in analysis)

Line of Financing for Venture Capital Funds (in analysis)

Line of Financing for Special Purpose Vehicles Owned by Business Angels (1st phase, in execution)

Line of Financing for Special Purpose Vehicles Owned by Business Angels (2nd phase, in analysis)


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Disclosure

05 Jul 2017
IFD’s Venture Capital available for companies
José Fernando Figueiredo, CEO, and Ricardo Luz, Executive Board Menber of IFD, announce the signature of the first co-investment contracts with Venture Capital operators, making available to companies and entrepreneurs the more than € 210 million in Equity from IFD’s Lines of Financing, within the Program Capitalizar and with the support of Portugal 2020 Operational Programmes.
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22 Feb 2017
Special Purpose Vehicles owned by Business Angels (IFD-FC&QC-BA-01/16)
IFD – Instituição Financeira de Desenvolvimento, S.A., within the Line of Financing to Business Angels, published today the list of financial intermediaries that will receive resources from the Equity and Quasi-Equity Fund (FC&QC).
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13 Feb 2017
Venture Capital Funds (IFD-FC&QC-FCR-01/16)
IFD – Instituição Financeira de Desenvolvimento, S.A. hereby informs the market that, after analysing the applicant’s responses to the Prior Hearing period, the Jury of the Public Procurement Procedure (IFD-FC&QC-FCR-01/16) has published today, in VortalGov, the report with the ranked list of applicants accepted to the procedure and the respective proposal for attributing co-financing funds.
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13 Feb 2017
Venture Capital Funds (IFD-FC&QC-FCR-01/16)
The Ministry for Economy, in a statement from the 13th of February, has emphasized that the “high demand registered, once more, confirms there is confidence to invest in Portugal. In this context, the possibility of opening a new procedure for co-financing of venture capital funds will be evaluated”.
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12 Jan 2017
IFD provides € 2.8 billion to the economy
At the end of 2016, within the so called Phase 1 of the IFD project, € 1.1 billion in financial instruments of debt and equity were already available and in operation, based on endowments from European Structural and Investment Funds (ESIF), known as “EU funds”, from the various Operational Programmes (OP) of Portugal 2020 (OP North, OP Centre, OP Lisbon, OP Alentejo, OP Algarve and Compete), and from IAPMEI, in the case of the national co-financing of the guarantee lines:
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04 Jan 2017
Line of Financing for Special Purpose Vehicles Owned by Business Angels (2nd phase)
IFD-FC&QC-BA-02/17 Call for Tenders to select financial intermediaries that will receive financial resources from the Equity and Quasi-Equity Fund (FC&QC), managed by IFD – Instituição Financeira de Desenvolvimento, S.A., within the financial instrument Line of Financing for Special Purpose Vehicles Owned by Business Angels (2nd phase), with a total endowment from the FC&QC of 18.540.067,73€. […]
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04 Jan 2017
Business Angels Certification (IAPMEI)
The Business Angels (BA) must request from IAPMEI their certification for the Call IFD-FC&QC-BA-02/17.
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"Special Purpose Vehicles owned by Business Angels (IFD-FC&QC-BA-01/16)"
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"Venture Capital Funds (IFD-FC&QC-FCR-01/16)"
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"Venture Capital Funds (IFD-FC&QC-FCR-01/16)"
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"IFD provides € 2.8 billion to the economy"
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"Line of Financing for Special Purpose Vehicles Owned by Business Angels (2nd phase)"
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"Business Angels Certification (IAPMEI)"

News / Report to the Market

06 Oct 2017
News
EIB Vice-President: “We have high expectations” for the development bank
Portugal may have identical solutions to the ones developed with Cassa Depositi e Prestiti, in Italy, and ICO, in Spain, to help recapitalize SME.
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02 Oct 2017
News
Fundo 200M has “green light” from Marcelo
Measure envisages investment, y the State, of e 200 million in Startups and SME with an equal amount of co-investment by private funds.
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29 Sep 2017
News
Impact of the non-performing platform is “limited” for BCP
CaixaBI points out that the focus of the platform will be loans above € 5 million and assets will remain within the banks’ balance sheets.
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28 Sep 2017
News
“Portugal is creating a very serious situation with the Development Bank”
Member of the European Parliament claims the role of development financial institutions has been reinforced in the Juncker Plan negotiations. And criticises the discussion in Portugal of having the Development Bank receiving banks’ non-performing loans.
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28 Sep 2017
News
CGD, BCP and Novo Banco launch non-performing platform
Banks have formalised a memorandum of understanding to create the platform that will coordinate management of non-performing loans.
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28 Sep 2017
News
Management Platform may force banks to restructure loans
The non-performing loans’ management platform, announced today, will have a restructuring committee where each bank votes according to the amount at risk, with the possibility that some banks may have to restructure loans against their will.
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23 Sep 2017
News
There are no miracles for non-performing
For two years there has been talk of a ‘solution’ for non-performing loans or those at risk of becoming so. But this problem does not have a magical solution, only initiatives that somewhat alleviate the enormous amount of non-performing loans, of almost one third of the companies operating in Portugal.
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21 Sep 2017
News
There are € 15 million to finance Portuguese scientific companies until 2018
Fund from Luxembourg and IFD sign a co-investment agreement. Financing should reach 3 to 5 companies per year.
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19 Sep 2017
News
Health ‘venture capital’ launches new fund with Instituição Financeira de Desenvolvimento
First partnership of the equity fund managed by IFD with an international venture capital fund is part of the line of financing to venture capital funds to support innovative SME.
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18 Sep 2017
News
Mourinho Félix: “Institutional investors will not endanger the sale of Novo Banco”
Sale of Novo Banco is in its final stage. Mourinho Félix states that investors, if rational, will not endanger the process. Government member explains ‘development bank’ in the nonperforming platform.
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17 Sep 2017
News
Solution for bank’s nonperforming loans is original and has no costs for taxpayers
In an interview to DN, the Prime Minister leaves a firm guarantee that the State will not finance the solution for banks’ nonperforming loans.
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17 Sep 2017
News
Decoder: it’s not bad bank, what is it?
Solution for nonperforming brings together Caixa, BCP and Novo Banco in one platform. Taxpayers will not pay, Government says.
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16 Sep 2017
News
José Manuel Fernandes satisfied with agreement for Juncker Plan 2.0
The European Parliament, the Commission and the Council have come to an agreement for the European Fund for Strategic Investments (EFSI) 2.0, known as Juncker Plan, intending to mobilise € 500 billion until 2020.
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14 Sep 2017
News
José Manuel Fernandes “unlocks” € 500 billion in “Juncker Plan”
The European Parliament, the Commission and the Council have agreed on European Fund for Strategic Investments (ESIF) 2.0, known a “Juncker Plan”, which intends to mobilize € 500 billion until 2020.
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14 Sep 2017
News
Juncker Plan 2.0 wants to mobilise € 500 billion for investment until 2020
European Fund for Strategic Investments 2.0 includes new industries such as agriculture, forestry, aquiculture, fishing and social economy
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12 Sep 2017
News
Government protects large deposits and punishes senior debtholders
Large bank deposits, including those belonging to companies and funds, will be more protected in case of banks’ bankruptcy or liquidation. As for senior debtholders, they will be more exposed and bear greater losses.
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11 Sep 2017
News
Mourinho Félix on nonperforming loans: “Bank’s balance sheets will not be cleaned using public funds”
Finance Secretary of State guarantees the solution for nonperforming loans does not imply costs for taxpayers and banks will bear all losses. Development bank will only help finance companies considered viable.
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11 Sep 2017
News
Platform for the common management of nonperforming loans to start in early 2018
Banks are “operationalizing” the solution, as informed by Finance Secretary of State, Ricardo Mourinho Félix.
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11 Sep 2017
News
Mourinho Félix: Solution for nonperforming loans should begin “early next year”
The management platform for banks’ nonperforming loans should be working by “early next year”, hopes Finance Secretary of State. The development bank may channel funds from EIB and EBRD for companies with nonperforming debt but that remain viable.
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08 Sep 2017
News
Nonperforming platform begins, development bank “enters” later
Banks have reached an agreement to create a platform for nonperforming loans. The development bank will only be called to intervene later, to finance restructuring but viable companies.
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07 Sep 2017
News
Development bank finances nonperforming mechanism
Instituição Financeira de Desenvolvimento, known as development bank, will be involved in the solution to clear nonperforming loans from banks. Agreement is supposedly already closed with CGD, BCP and Novo Banco.
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07 Sep 2017
News
Development bank finances viable companies with nonperforming loans
The participation of Instituição Financeira de Desenvolvimento in the solution for nonperforming loans will involve financing to viable companies which the banks can no longer finance. But other financing solutions are being considered.
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07 Sep 2017
News
Development Bank will finance solution for nonperforming loans
The solution for banks’ irrecoverable debt may be partly financed through Instituição Financeira de Desenvolvimento, better known as Development Bank.
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07 Sep 2017
News
Development Bank will finance solution for nonperforming loans
Government will announce soon a solution for the banks’ problem loans.
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07 Sep 2017
News
Solution for nonperforming loans to be announced within days
“Público” reveals that there is finally an agreement between the banks CGD, BCP and Novo Banco to create an entity to manage defaulted credit in viable companies.
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07 Sep 2017
News
Development Bank will finance solution for banks’ nonperforming loans
Government prepares to announce a solution for problem debt in the coming days. Vehicle will gather risky debts from CGD, BCP and Novo Banco.
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07 Sep 2017
News
Development Bank will finance solution for nonperforming loans
The vehicle will consist of a Complementary Group of Companies and will be in charge of the recovery and possible sale of problem assets.
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05 Sep 2017
News
Board of Directors ensures executive management in the Development Bank
The Ministry of Economy has already selected a new executive board for Instituição Financeira de Desenvolvimento. However, invitations await position by Banco de Portugal and CRESAP.
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02 Sep 2017
News
Development bank without management
After the president’s resignation, two more executive Board Members left, Economy claims all is normal.
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01 Sep 2017
News
Development Bank: two more casualties in the executive committee
The Development Bank lost, this Friday, two more Executive Board Members: Ricardo Luz and Maria João Nunes. Executive Committee is down to one member.
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01 Sep 2017
Report to the market
IFD releases € 175 million in Venture Capital Funds
IFD – Instituição Financeira de Desenvolvimento, S.A. informs the market that until 31/08/2017, within the Public Procurement Procedure (IFD-FC&QC-FCR-01/16), 13 Venture Capital management companies signed Financing Agreements, in a global amount of € 175 million for investment in SME through Venture Capital Funds (VCF).
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25 Aug 2017
News
Development bank has the powers to finance SME
Instituição Financeira de Desenvolvimento will now be able to support companies without previous authorisation from Brussels.
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14 Jul 2017
News
IFD negotiates financing with EIB to implement € 500 million Credit Line
After the approval of the enlargement of its activity at the end of 2016, IFD – Instituição FInanceira de Desenvolvimento has established contacts with the European Investment Bank (EIB) in order to obtain a loan from EIB (on lending operation).

With this financing, IFD may be able to raise funds in very competitive conditions that will allow the operationalisation of financial instruments to support SME and mid-caps, contributing to strengthen and increase the competitiveness of companies in Portugal.
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05 Jul 2017
News
Government approves enlargement of activity of the ‘development bank’
“The Council of Ministers approved today the alteration of the by-laws of IFD – Instituição Financeira de Desenvolvimento, commonly known as ‘development bank’, enlarging the institution’s activity to the direct support to small and medium enterprises (SME).” A alteração dos estatutos da Instituição Financeira de Desenvolvimento (IFD), vulgarmente designada por 'banco de fomento, foi hoje aprovada em Conselho de Ministros, alargando a atividade da entidade para a concessão direta de apoios a pequenas e médias empresas (PME).
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05 Jul 2017
News
Government approves enlargement of activity of the ‘development bank’
“The Council of Ministers approved today the alteration of the by-laws of IFD – Instituição Financeira de Desenvolvimento, commonly known as ‘development bank’, enlarging the institution’s activity to the direct support to small and medium enterprises (SME).”
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15 Apr 2017
News
Dinheiro Vivo – José Figueiredo: “We will bring 3 billion euros to the economy”
IFD – A Instituição Financeira de Desenvolvimento is a wholesale financer focused on the support to SME. José Fernando Figueiredo, CEO, takes stock of its activity and says the “development bank” came late.
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21 Mar 2017
News
Dinheiro Vivo – Savings in Portugal (or the lack thereof) as seen by the ‘triple A’ panel
“Alberto de Castro, Ângelo Paupério and António Pires de Lima debating on the over-indebtedness of companies, families and the State”
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15 Mar 2017
News
Negócios da Semana – The situation of national banks
José Gomes Ferreira debating with:
José Fernando Figueiredo – Economist / CEO of IFD - Instituição Financeira de Desenvolvimento; António Nogueira Leite – Economist / Manager / Vice-president of CGD between 2011 and 2012.
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03 Mar 2017
News
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13 Feb 2017
News
Expresso – Indústria 4.0 with € 220 million
“Pharmaceuticals, energy efficiency and biotechnology with line of financing from the Development Bank.”
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27 Jan 2017
Report to the market
IFD takes on the financial management of the Innovation, Technology and Circular Economy Fund
IFD was awarded the financial management of the Innovation, Technology and Circular Economy Fund, created by the Decree-Law No. 86-C/2016 of 29th of November 2016.
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03 Jan 2017
News
IFD represents Portugal in new European platform to support investment
The European Investment Fund (EIF), together with the European Commission, has launched the EIF-NPI Equity Platform, which intends to promote cooperation between EIF and National Promotional Institutions/Banks (NPI) of Member States of the EU.
Read more
Next news
"Fundo 200M has “green light” from Marcelo"
Next news
"Impact of the non-performing platform is “limited” for BCP"
Next news
"“Portugal is creating a very serious situation with the Development Bank”"
Next news
"CGD, BCP and Novo Banco launch non-performing platform"
Next news
"Management Platform may force banks to restructure loans"
Next news
"There are no miracles for non-performing"
Next news
"There are € 15 million to finance Portuguese scientific companies until 2018"
Next news
"Health ‘venture capital’ launches new fund with Instituição Financeira de Desenvolvimento"
Next news
"Mourinho Félix: “Institutional investors will not endanger the sale of Novo Banco”"
Next news
"Solution for bank’s nonperforming loans is original and has no costs for taxpayers"
Next news
"Decoder: it’s not bad bank, what is it?"
Next news
"José Manuel Fernandes satisfied with agreement for Juncker Plan 2.0"
Next news
"José Manuel Fernandes “unlocks” € 500 billion in “Juncker Plan”"
Next news
"Juncker Plan 2.0 wants to mobilise € 500 billion for investment until 2020"
Next news
"Government protects large deposits and punishes senior debtholders"
Next news
"Mourinho Félix on nonperforming loans: “Bank’s balance sheets will not be cleaned using public funds”"
Next news
"Platform for the common management of nonperforming loans to start in early 2018"
Next news
"Mourinho Félix: Solution for nonperforming loans should begin “early next year”"
Next news
"Nonperforming platform begins, development bank “enters” later"
Next news
"Development bank finances nonperforming mechanism"
Next news
"Development bank finances viable companies with nonperforming loans"
Next news
"Development Bank will finance solution for nonperforming loans"
Next news
"Development Bank will finance solution for nonperforming loans"
Next news
"Solution for nonperforming loans to be announced within days"
Next news
"Development Bank will finance solution for banks’ nonperforming loans"
Next news
"Development Bank will finance solution for nonperforming loans"
Next news
"Board of Directors ensures executive management in the Development Bank"
Next news
"Development bank without management"
Next news
"Development Bank: two more casualties in the executive committee"
Next news
"IFD releases € 175 million in Venture Capital Funds"
Next news
"Development bank has the powers to finance SME"
Next news
"IFD negotiates financing with EIB to implement € 500 million Credit Line"
Next news
"Government approves enlargement of activity of the ‘development bank’"
Next news
"Government approves enlargement of activity of the ‘development bank’"
Next news
"Dinheiro Vivo – José Figueiredo: “We will bring 3 billion euros to the economy”"
Next news
"Dinheiro Vivo – Savings in Portugal (or the lack thereof) as seen by the ‘triple A’ panel"
Next news
"Negócios da Semana – The situation of national banks"
Next news
"Vida Económica – José Fernando Figueiredo highlights low credit incident rate in guarantees to SME"
Next news
"Expresso – Indústria 4.0 with € 220 million"
Next news
"IFD takes on the financial management of the Innovation, Technology and Circular Economy Fund"
Next news
"IFD represents Portugal in new European platform to support investment"

Events

24

Oct
Sessão de Apresentação do Manual Prático de Financiamento e do Investimento para a Fileira da Construção

Pedro Magalhães, orador IFD

APCMC
Porto / 14h00
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Documents