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ICO SME-FOCUSED FACILITY FOR EMPLOYMENT

Signature(s)

Amount
€ 500,000,000
Countries
Sector(s)
Spain : € 500,000,000
Credit lines : € 500,000,000
Signature date(s)
11/11/2019 : € 500,000,000
Link to source

Summary sheet

Release date
28 June 2019
Status
Reference
Signed | 11/11/2019
20180191
Project name
Promoter - financial intermediary
ICO SME-FOCUSED FACILITY FOR EMPLOYMENT
INSTITUTO DE CREDITO OFICIAL
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 500 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists of a loan for financing small sized investment promoted by small and medium-sized enterprises (SMEs) mainly in Spain.

This project will improve competitiveness and access to finance at favourable conditions for SMEs.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Link to source

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).

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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