Banco Português de Fomento (BPF) is the Portuguese promotional bank, an institution resulting from the merger in November 2020 of three leading institutions operating within the mission of supporting Portuguese SME that aim to achieve innovative solutions for national and international projects, promote sustainability and economic development.
BPF is expected to enlarge the activities of its three merging entities (SPGM, PME Investimentos and IFD), focusing its activities on five key areas of the Portuguese economy:
- Financing SMEs: Specifically SMEs and mid-caps, but also large corporations under specific circusntamces
- Innovation Projects: Digital transformation, entrepreneurship and innovation
- Green Finance: Sustainable infrastructures, transport, carbon neutrality
- Social Impact: Healthcare, long-term care, education and social housing
- Infrastructure: National and local investment projects.
The first above mentioned activity will continue being done through the Portuguese Guarantee Scheme, which includes four mutual guarantee societies and a public counter guarantee fund, the latter being managed by BPF itself.
It is expected that BPF will reach its main goals to:
- support economic development by offering innovative solutions under the same conditions as those offered by leading institutions on the international market;
- promote the modernization of companies, enabling entrepreneurship, research and investigation, investment and job creation;
- to promote business sustainability and economic, social and territorial cohesion in Portugal.
|Year of creation|
individual entities or association
|Type of organization|
National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed
|Type of scheme|
guarantee or counter-guarantee
|Mutual Guarantee Association|
guarantee or counter-guarantee or co-guarantee
i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models
Private / Public (in %)
|Private 19%, Public 81%|
of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
of members of an association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
|Structure / Network|
i.e. central scheme with regional offices, central scheme only, association network
|MGS back office managed by BPF (functions as a "holding" of the Portuguese Guarantee Scheme) + Independent MGS + Public Counter Guarantee (managed by BPF)|
i.e. local, regional, national
i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc.
|Size of businesses supported|
i.e. large companies, SMEs, micro-enterprises, independent/self-employed
|SMEs, Micro-enterprises, Independent/Self-employed, Unemployed, university and post-graduation students|
i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members
|Profit / Non-profit oriented|
dividends to public shareholders are not considered as profit orientation
|Do you benefit from a counter-guarantee at local, regional or national level?|
Local level or Regional level or National level
|Local, Regional and National level - Fundo de Contragarantia Mútua|
|Are you/your members financial intermediary for EU-programmes?|
CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020
|CIP/COSME, Structural funds, Progress and RSI/RSFF Horizion 2020|
|Types of guarantee products provided by your organisation/your members||Loan default guarantees, Working capital loan guarantees, Bridge financing loan guarantees, Mezzanine financing guarantees, Leasing guarantees, Project guarantees, Export guarantees, Student loan guarantees|
|Other SME support instruments offered by your organisation/your members|
Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services
|Mezzanine financing, Coaching, Mediation services|
|Is the activity subject to state aid regulation?||Yes|
|Do you (your members) use..?|
De minimis or GBER or Regional guidelines or Notification
|Do you (your members) dispose of an internal rating/scoring system?||Yes|
|Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)?||Yes|
|Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)?||Yes|
|Banco Português de Fomento |
text/html; charset=utf-8 | 662,63 KB