Release date: 14 July 2017
Promoter – Financial Intermediary
BANCO BILBAO VIZCAYA ARGENTARIA SA, BANCO BILBAO VIZCAYA ARGENTARIA SALocation
Description
The purpose of this pilot funding facility, intermediated by BBVA, is to finance the innovation and digitalisation of small and medium-sized enterprises (SMEs) and midcaps in Spain.
Objectives
As part of its strategy, BBVA has committed to upgrading its distribution channels to the new requirements in this digital age by transforming the digital experience of its SME clients, and offering financing for new digital solutions and products to its customers.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.
Status
Signed - 23/11/2017
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).