Release date: 2 March 2017
Promoter – Financial Intermediary
BANKIA SALocation
Description
Dedicated EIB loan to finance small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) (minimum 70% of total loan amount) and mid-caps (up to 30% of total amount) in Spain
Objectives
To facilitate SME and mid-cap access to long-term financing at attractive terms. Many of the allocated loans will fund investments covered under the SME Initiative signed in Spain.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 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 - 23/05/2017
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).