Release date: 22 May 2019
Promoter – Financial Intermediary
IBERCAJA BANCO SALocation
Description
The project consists of a dedicated loan for financing small and medium-sized projects (mostly leasing) carried out primarily by small and medium-sized enterprises (SMEs) but also projects promoted by mid-cap companies in Spain. A relevant portion of the portfolio will be focused on SMEs and mid-caps with high additionality, such as micro enterprises, those located in less developed regions and in vulnerable sectors.
Objectives
Ibercaja is expected to use all or part of this EIB loan for 50% funding of a portfolio of SME loans which may receive a 50% guarantee from combined EIB/EIF and Structural Funds resources under the SME Initiative (SMEI).
Sector(s)
- Credit lines - Credit lines
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 EU applicable legislation, as appropriate and where applicable.
Procurement
The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.
Status
Signed - 29/07/2019
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).