Release date: 5 April 2016
Promoter – Financial Intermediary
Banco Bilbao Vizcaya Argentaria S.A.Location
Description
A capital relief transaction in form of a joint EIB-EIF effort to extend a guarantee to a mezzanine tranche on a Banco Bilbao Vizcaya Argentaria (BBVA) granular small and medium-sized enterprise (SME) portfolio in order to support new lending to SMEs and mid-caps in Spain
Objectives
The proposed operation will support BBVA Group new lending to SMEs and mid-caps in Spain.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 130 million
Total cost (Approximate amount)
EUR 260 million
Environmental aspects
The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation.
Status
Signed - 1/07/2017
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).