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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Spain : € 100,000,000
    Industry : € 100,000,000
    Signature date(s)
    19/07/2023 : € 100,000,000

    Summary sheet

    Release date
    29 September 2023
    Status
    Reference
    Signed | 19/07/2023
    20230204
    Project name
    Promoter - financial intermediary
    SANTANDER GREEN LOAN FOR SMES AND MIDCAPS
    BANCO SANTANDER SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    This EIB loan finances 100% green investment of small and medium-sized enterprise and mid-caps. This multiple beneficiary intermediated loan (MBIL) is a sub-operation under the programme Loan SPAIN CLIMATE ACTION MBIL PROGRAMME (2019-0346)

    Financing of small/medium projects carried out by small and medium sized enterprises.

    Additionality and Impact

    The main purpose of this operation is to facilitate access to finance at favourable conditions to Spanish SMEs and Midcaps, most of which have been impacted by the energy crisis. Santander has a good track record in allocating EIB funds to support sound projects dedicated to SMEs and Mid-Caps. The project will support the green transition by financing new energy efficient buildings (the operation will thus have a 100% climate contribution). EIB contribution takes the form of financial benefit and longer tenors. By providing new credit lines to SMEs and Mid-Caps via an established intermediary, the EIB can play a counter-cyclical role, preserve employment and positively contribute to the recovery of the Spanish economy. EIB investment, through a securitization, will crowd-in public and private investors.

    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.

    Milestone
    Under appraisal
    Approved
    Signed
    22 June 2023
    19 July 2023
    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).

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    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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