Release date: 2 July 2015
Promoter – Financial Intermediary
NUEVO MICRO BANK SALocation
Description
Loan to the financial intermediary MICROBANK S.A. under the EU Programme Loan for SMEs and Mid-Caps.
Objectives
EIB loan under the EU Programme Loan for micro-financing projects promoted by very small and medium-sized enterprises (SMEs) and entrepreneurs, mainly in Spain.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 27/01/2015
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).