Release date: 8 March 2019
Promoter – Financial Intermediary
BANKIA SALocation
Description
The project consists of the financing of small and medium-sized enterprises (SMEs) and mid-caps in Spain in vulnerable areas and segments. Further additionality is created through a funded risk participation structure.
Objectives
The objective of the operation is releasing resources that will be used to promote small and SME and mid-cap financing, thereby facilitating new lending to projects carried out by small companies, mainly in Spain but also in other EU countries. Consequently, the proposed transaction would promote medium and long-term lending for capital investment and would contribute to strengthen the productivity and competitiveness of SMEs and mid-caps. Some of the projects will foster investments in, among other sectors, knowledge economy, renewable energy and energy efficiency, protection of the environment and natural resource efficiency. A minimum of 70% of the new portfolio will be dedicated to SMEs, with mid-caps accounting for up to 30%.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 180 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 3/12/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).