Release date: 18 January 2016
Promoter – Financial Intermediary
CAIXABANK SALocation
Description
Dedicated EIB loan for financing small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) and mid-caps, mainly in Spain but also in other EU countries. It is expected that a significant part of the loan will fund investments covered by the SME Initiative signed in Spain.
Objectives
At least 70% of the loan amount will be used for the financing of SMEs. Up to 30% of the total amount could be used in small investment projects in eligible sectors carried out by mid-cap enterprises (up to 3 000 employees).
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 450 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with EU applicable legislation, where applicable.
Status
Signed - 26/10/2016
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).