Release date: 16 October 2017
Promoter – Financial Intermediary
BANCO SANTANDER SALocation
Description
Dedicated EIB loan for financing small and medium-sized projects carried out primarily by small and medium-sized enterprises (SMEs) and mid-caps, mainly in Spain but also in other EU countries. At least 70% of the loan will be used for the financing of SMEs. Up to 30% of the total amount will be used in small and medium-scale investment projects in eligible sectors carried out by mid-cap enterprises (up to 3 000 employees).
Objectives
This operation will improve competitiveness and access to finance at favourable conditions by SMEs and mid-caps.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
Status
Signed - 11/06/2018
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).