BPF Reconstruction Support Line

BPF Reconstruction Support Line

Reconstruction Support Line - Treasury

Learn about the features of the Reconstruction Support Line - Treasury.

  • General Terms and Conditions of the Line

    Purpose

    The Reconstruction Support Line - Treasury is intended to support the immediate liquidity and treasury needs arising from damage caused by storms and weather phenomena in municipalities where a state of emergency or calamity has been declared, from January 2026 onwards, namely for replenishing treasury funds, working capital and covering current needs essential to the continuity of activity.

    Recipients

    Loans eligible for guarantees may include companies where the borrowers meet the following conditions:

    i. Legal entities or public bodies of a local nature affected by storms and weather phenomena, located in municipalities where a state of emergency or calamity has been declared, from January 2026 onwards, that declare, under oath, in accordance with the declaration contained in Annex I, that they have suffered damage caused by storms and weather phenomena,

    ii. That they subscribe to the commitment declaration (Annex I);

    iii. That, in the case of SMEs, they have SME status certified by an Electronic Declaration from IAPMEI;

    iv. In the case of Small Mid Caps, Mid Caps and Large Companies, the beneficiary must, at least, be in a situation comparable to situation B-, in terms of the Credit Institution's credit assessment. A B- rating refers to the internal risk rating assigned by the Credit Institution, which is equivalent to the B- rating established by the international rating agency Standard & Poor's.

    v. That they comply with the regulations concerning the Money Laundering and Terrorist Financing (ML/TF) regime in Portugal.

    vi. They must comply with the obligation to register in the Central Register of Beneficial Owners and all legal obligations arising therefrom;

    vii. That they do not engage in Excluded Activities;

    viii. Not having any outstanding incidents with banks, the Mutual Guarantee System, the BPF (Banco Português de Investimento) and the funds managed by them;

    ix. The situation is regularized with the Tax Administration and Social Security;

    For more detailed information, please consult the table below or speak to your BBVA Manager.

Total Line Amount
500 million Euros
Maximum Amount per Company

Micro Enterprises: up to 100,000 euros

Small business: up to 500,000 euros

Midsize companies: up to 1,500,000 euros

Large Companies and Other Entities: up to 2,500,000 euros

The amount that can be granted will be subject to the availability of state aid ceiling limits.
Line validity period

Until June 30, 2026.

The deadline may be extended for equal or different periods, as announced by the Portuguese Development Bank (BPF), if it does not expire within the first deadline.
Type of operations
Credit operations intended exclusively for financing treasury needs or working capital loans.
Autonomous Guarantee

Credit operations carried out under this Line of Credit benefit from an independent guarantee payable on first demand provided by FCGM, represented by BPF as the managing entity.

The guarantee provided by FCGM should ensure that banks receive 70% of the capital of each loan guaranteed by Small Mid Caps, Mid Caps and Large Companies, and 80% for other entities, with a total limit on the activation of the guarantee, i.e., a maximum default coverage rate (cap rate), of 20% of the total amount of disbursements verified at any given time.

The guarantee will only be granted if, through consultation with the Bank of Portugal, a positive net change in the credit granted to the recipient is verified, for an amount at least equal to the value of the credit contracted under this measure.
Mutual term
Up to 5 years after the operation is contracted.
Usage period
Up to 12 months
Shortage of capital and interest
Up to 12 months
Amortization (or Repayment)
Constant, equal installments, with monthly, quarterly, semi-annual or annual periodicity, or repayment at the end of the maturity period, in the case of current account transactions.
Interest rate

The interest rate will be borne by the beneficiary and will be settled in arrears according to the amortization schedule of the transaction or paid at the end of the loan agreement.

If the index or reference rate used is found to be less than zero, the applicable rate should be considered to be zero.

The maximum spread is 0.5%.
Maximum guarantee commission
The guarantee commission will be waived by the State, considering that all the risk assumed by the FCGM will be fully covered by it.
Other commissions and charges

i. Transactions under this Line of Credit will be exempt from commissions and fees usually charged by the Bank.

ii. All costs and charges associated with obtaining the financing, specifically those related to property valuations, registrations and deeds, taxes or fees, and other similar expenses, are borne by the Company.

iv. In financing agreements contracted under a fixed interest rate, the IC (Financial Institution) may pass on to the Company the costs it incurs with full or partial early repayment, or when the Company requests a change from a fixed rate to a variable rate.
State Aid Scheme
De minimis regime, General Block Exemption Regulation (RGIC)
Credit Collateral
The Bank may require other guarantees, either as part of its analysis and decision-making process or during the term of the operation, to ensure the proper fulfillment of the responsibilities that arise for the Beneficiaries from the legal relationship underlying the provision of the independent guarantee.

Reconstruction Support Line - Investment

Learn about the features of the Reconstruction Support Line - Investment.

  • General Terms and Conditions of the Line

    Purpose

    The Reconstruction Support Line is intended to support reconstruction efforts following damage caused by storms and weather events in municipalities where a state of emergency or disaster has been declared, starting in January 2026 (inclusive).

    Recipients

    Loans eligible for guarantees include companies that meet the following conditions as borrowers:

    i. Legal entities or public bodies of a local nature affected by storms and weather phenomena, in municipalities where a state of emergency or calamity has been declared, from January 2026 onwards, a situation to be proven by presenting a declaration of the value of the damages issued by the respective Regional Coordination and Development Commission, insurance company or bank valuation.

    ii. That they sign the commitment declaration (to be defined);

    iii. That, in the case of SMEs, they have SME status certified by an Electronic Declaration from IAPMEI;

    iv. In the case of Small Mid Caps, Mid Caps and Large Companies, the beneficiary must, at least, be in a situation comparable to situation B-, in terms of the Credit Institution's credit rating. A B- rating refers to the internal risk rating assigned by the Credit Institution, which is equivalent to a B- rating established by the international rating agency Standard & Poor's. That they comply with the regulations concerning the Money Laundering and Terrorist Financing (ML/TF) regime in Portugal;

    vi. They must comply with the obligation to register in the Central Register of Beneficial Owners and all legal obligations arising therefrom;

    vii. That they do not engage in Excluded Activities;

    viii. Not having any outstanding incidents with banks, the Mutual Guarantee System, the BPF (Banco Português de Investimento) and the funds managed by them;

    ix. The situation is regularized with the Tax Administration and Social Security;

    x. The situation has been regularized with other public entities responsible for supporting businesses, namely IAPMEI, Turismo de Portugal, IP and the Institute for Financing Agriculture and Fisheries, IP. (IFAP), to be confirmed by a declaration issued by the Ultimate Beneficiary;

    For more detailed information, please consult the table below or speak to your BBVA Manager.

Total Line Amount
1 billion Euros
Maximum Amount per Company

100% of the damages caused, less any payments received under insurance policies.

The amount that can be granted will be subject to the availability of State aid ceiling limits.
Line validity period

Until June 30, 2026.

The deadline may be extended for equal or different periods, as announced by the Portuguese Development Bank (BPF), if it does not expire within the first deadline.
Type of operations
Loans intended to finance investment in affected facilities and equipment or biological assets, and associated working capital. The application to working capital cannot exceed 25% of the contracted financing amount.
Autonomous Guarantee

Credit operations carried out under this Line of Credit benefit from an independent guarantee payable on first demand provided by FCGM, represented by BPF as the managing entity.

The guarantee provided by FCGM should ensure that banks receive 70% of the capital of each loan guaranteed by Small Mid Caps, Mid Caps and Large Companies, and 80% for other entities, with a total limit on the activation of the guarantee, i.e., a maximum default coverage rate (cap rate), of 20% of the total amount of disbursements verified at any given time.

The guarantee will only be granted if, through consultation with the Bank of Portugal, a positive net change in the credit granted to the recipient is verified, for an amount at least equal to the value of the credit contracted under this measure.
Mutual term
Up to 10 years after the operation is contracted.
Usage period
Up to 12 months
Shortage of capital and interest
Up to 36 months
Amortization (or Repayment)
Constant, equal payments, made monthly, quarterly, semi-annually or annually, with mandatory early repayment of the amount corresponding to any compensation received from an insurance company or other donations or compensation received.
Interest rate

The interest rate will be borne by the beneficiary and will be settled in arrears, according to the amortization schedule of the loan, or paid at the end of the loan agreement.

If the index or reference rate used is found to be less than zero, the applicable rate should be considered to be zero.

The maximum spread is 0.5%.
Maximum guarantee commission
The guarantee commission will be waived by the State, considering that all the risk assumed by the FCGM will be fully covered by it.
Other commissions and charges

i. Transactions under this Line of Credit will be exempt from commissions and fees usually charged by the Bank.

ii. All costs and charges associated with obtaining the financing, specifically those related to property valuations, registrations and deeds, taxes or fees, and other similar expenses, are borne by the Company.

iii. In financing agreements contracted under a fixed interest rate, the IC (Financial Institution) may pass on to the Company the costs it incurs with full or partial early repayment, or when the Company requests a change from a fixed rate to a variable rate.
Conversion to non-refundable value

A portion of the loan may be converted into a non-refundable grant, limited to 10% of the contracted and utilized financing amount.

The performance indicators for assessing the right to conversion into non-refundable value are as follows and will be based on a comparison of the data recorded in the IES 2028 versus IES 2025:

  • Maintaining activity (positive turnover)
  • Maintaining or increasing the number of jobs.

BPF will access the information it needs to assess eligibility for conversion, namely:

  • IES 2025 and IES 2028 
  • Regular status of tax and social security obligations to the Tax Authorities and Social Security, at the time of consultation of the IES 2028; 
  • Availability of funding under the State aid scheme, where applicable.
State Aid Scheme

Associated with the operation: De minimis regime, General Block Exemption Regulation (RGIC) 

Associated with conversion: De minimis regime