On-Lending Financing Operations

Following the approval, by the European Commission, of the extension of its remit, and the publication of its new By-Laws, IFD will initiate its on-lending activity, lending funds from multilateral institutions or other NPIs to credit institutions operating in Portugal.


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Financial Instruments

On-Lending Financing Operations (in execution)

Linha Capitalizar Mais (in execution)

Line of Financing for Venture Capital Funds (in execution)

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)

Line of financing – Fund 200M (Applications closed)


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Disclosure

20 Dec 2017
The European Investment Project Portal: Finding the right partner for projects
The European Investment Project Portal is the EU platform to match and connect EU project promoters with investors worldwide. This video explains key features of the portal.
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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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Next
"IFD’s Venture Capital available for companies"
Next
"Special Purpose Vehicles owned by Business Angels (IFD-FC&QC-BA-01/16)"
Next
"Venture Capital Funds (IFD-FC&QC-FCR-01/16)"
Next
"Venture Capital Funds (IFD-FC&QC-FCR-01/16)"
Next
"IFD provides € 2.8 billion to the economy"
Next
"Line of Financing for Special Purpose Vehicles Owned by Business Angels (2nd phase)"
Next
"Business Angels Certification (IAPMEI)"

News / Report to the Market

26 Mar 2018
News
Want to finance SMEs? Intermediaries have 15 days to express interest.
Brussels approved the creation and capitalization of IFD in October 2014 and, in August last year, changed the Development Bank statutes.
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26 Mar 2018
News
Financial Intermediaries have 15 days to express interest in IFD’s financing to SMEs.
Instituição Financeira de Desenvolvimento (IFD), known as Banco de Fomento (Development Bank), gives 15 days starting this Monday for financial Intermediaries to express their interest in channeling European funds and co-financing companies, according to published call.
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26 Mar 2018
News
Financial Intermediaries have 15 days to express interest in IFD’s financing to SMEs.
The institutions who do not manifest interest at this time, can do so later, even though the deadline is 15 days.
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09 Mar 2018
News
Development Bank begins selection of financial institutions for EIB 100M€ credit line
Instituição Financeira de Desenvolvimento (IFD) has announced today the beginning of the process to select the financial intermediaries which will finance SME’s and mid-caps using the 100M€ first tranche of the European Investment Bank (EIB) loan.
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23 Feb 2018
News
Development Bank selects 29 entities for 18,5 ME line destined to ‘business angels’
Instituição Financeira de Desenvolvimento (IFD) has announced today the selection of 29 candidates to the 18.5 million euro line of financing within the second phase of the procedure for business angels.
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19 Feb 2018
News
Entrepreneurs from Azores with access to 79 ME credit line
Companies from the Azores have available a new mutual guarantee credit line, amounting to 79 million euros, destined to finance investments, as announced today by the Vice-President of the Regional Government, Sérgio Ávila.
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17 Feb 2018
News
Companies could benefit tem times more from IFD
Assistant Secretary of State for Economy, Paulo Alexandre Ferreira, says there are one billion euros available in the Instituição Financeira de Desenvolvimento.
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09 Feb 2018
News
Capitalizar 2 is coming. Development Bank will gain strength
In phase two of the Capitalizar Programme, the Government will make changes to the ‘development bank’, with new jobs and integration of entities.
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26 Jan 2018
News
Financing from the European Investment Bank to SMEs
The European Investment Bank will lend up to 250 million euros to Portuguese small and medium enterprises. The money will be available to banks operating in Portugal. The Government guarantees these loans will have lower interest than usual and longer maturities.
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26 Jan 2018
News
Another 200 million on the way to finance SMEs and midcaps
The first loan agreement from the European Investment Bank to the Development Bank was signed, with an equal contribution from financial intermediaries to support projects in Portugal.
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26 Jan 2018
News
250 ME protocol between EIB and IFD will finance companies “who invest” – Minister
The 250 million euros contracted between the European Investment Bank (EIB) and Instituição Financeira de Desenvolvimento (IFD) will finance “the companies who invest”, allowing “more stability” in projects, said the Minister for Economy today.
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26 Jan 2018
News
Development Bank receives first loan from EIB
€ 250 million loan intends to improve financing conditions for Portuguese companies.
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26 Jan 2018
News
SME and midcaps have another 200 million to finance investments and working capital
This new line makes available, for now, 200 million euros: 100 million resulting from a loan from EIB to IFD, the remainder must be completed the line’s financial intermediaries (banks).
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26 Jan 2018
News
Development Bank opens credit line for small companies
The Development Bank will have 250 million euros to support Portuguese Small and Medium Enterprises.
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26 Jan 2018
News
SMEs and midcaps have another 200 million to finance investments and working capital
This new line makes available, for now, 200 million euros: 100 million resulting from a loan from EIB to IFD, the remainder must be completed the line’s financial intermediaries (banks).
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26 Jan 2018
News
250 ME protocol between EIB and IFD will finance companies “who invest” – Minister
The 250 million euros contracted between the European Investment Bank (EIB) and Instituição Financeira de Desenvolvimento (IFD) will finance “the companies who invest”, allowing “more stability” in projects, said the Minister for Economy today.
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26 Jan 2018
News
250 ME from EIB through IFD will finance companies “who invest” – Minister
The 250 million euros contracted between the European Investment Bank (EIB) and Instituição Financeira de Desenvolvimento (IFD) will finance “the companies who invest”, allowing “more stability” in projects, said the Minister for Economy today.
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17 Jan 2018
News
Alberto Castro acknowledges that Development Bank was too ambitious
The Chairman of the Development Bank, at the end of a three-year mandate, enumerated the problems the institution faces. And added: “With what was listed it would be difficult for it to work on the first try”.
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17 Jan 2018
News
PME Investimentos will manage the 200M Fund
The financial company of the State’s Corporate Sector was the only candidate to manage the new vehicle to support equity and quasi-equity operations in SMEs, in co-investment with private parties.
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17 Jan 2018
News
Alberto Castro admits Development Bank fell short of its goals
After three years, the Chairman regretted the “difficulties and mistakes” in the launch of this public policy institution, listing various reasons which made it “difficult for the recipe to work on the first try”.
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24 Nov 2017
News
SMEs recover, but are still far from the pre-crisis levels
Portuguese micro, small and medium enterprises are creating jobs and increasing wealth. But, unlike similar companies in Northern Europe, they have not yet recovered from the wounds inflicted by the crisis.
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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.
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Next news
"Financial Intermediaries have 15 days to express interest in IFD’s financing to SMEs."
Next news
"Financial Intermediaries have 15 days to express interest in IFD’s financing to SMEs."
Next news
"Development Bank begins selection of financial institutions for EIB 100M€ credit line"
Next news
"Development Bank selects 29 entities for 18,5 ME line destined to ‘business angels’"
Next news
"Entrepreneurs from Azores with access to 79 ME credit line"
Next news
"Companies could benefit tem times more from IFD"
Next news
"Capitalizar 2 is coming. Development Bank will gain strength"
Next news
"Financing from the European Investment Bank to SMEs"
Next news
"Another 200 million on the way to finance SMEs and midcaps"
Next news
"250 ME protocol between EIB and IFD will finance companies “who invest” – Minister"
Next news
"Development Bank receives first loan from EIB"
Next news
"SME and midcaps have another 200 million to finance investments and working capital"
Next news
"Development Bank opens credit line for small companies"
Next news
"SMEs and midcaps have another 200 million to finance investments and working capital"
Next news
"250 ME protocol between EIB and IFD will finance companies “who invest” – Minister"
Next news
"250 ME from EIB through IFD will finance companies “who invest” – Minister"
Next news
"Alberto Castro acknowledges that Development Bank was too ambitious"
Next news
"PME Investimentos will manage the 200M Fund"
Next news
"Alberto Castro admits Development Bank fell short of its goals"
Next news
"SMEs recover, but are still far from the pre-crisis levels"
Next news
"EIB Vice-President: “We have high expectations” for the development bank"
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

12

Nov
IFD | Sessão de divulgação dos IF Públicos – OROC

Henrique Cruz, orador IFD

IFD | OROC
Porto / 18h00

14

Nov
IFD | Sessão de divulgação dos IF Públicos – OROC

Henrique Cruz, orador IFD

IFD | OROC
Lisboa / 18h00

27

Nov
IFD | Sessão de divulgação dos IF Públicos – Alto Minho

Pedro Magalhães, orador IFD

IFD | CEVAL
Viana do Castelo / 09h30

28

Nov
IFD | Sessão de divulgação dos IF Públicos – Douro

Pedro Magalhães, orador IFD

IFD | NERVIR
Vila Real / 14h30
See more

Documents