Release date: 30 July 2009
Promoter – Financial Intermediary
Caja de Ahorros y Monte de Piedad de Madrid – Caja MadridLocation
Description
The project consists of a loan to finance small and medium size investments promoted by SMEs (at least 70%) and mid-cap companies (up to 30%), mainly in Spain but also in other EU countries.
Objectives
The project will contribute to a better market coverage of SMEs and mid caps financial needs in Spain. The EIB involvement will generate positive effects, mainly in terms of availability of long duration funding but also in terms of overall financing costs, which would be particularly appreciated by small-sized promoters.
Sector(s)
Proposed EIB finance (Approximate amount)
Estimated at EUR 200 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
In accordance with the Bank's policy to ensure that the loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.
Procurement
In accordance with the Bank's policy to ensure that the loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.
Status
Signed - 29/12/2009
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).