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Reference: 20200136
Release date: 9 December 2020

Promoter – Financial Intermediary

BANCO BILBAO VIZCAYA ARGENTARIA SA

Location

Description

De-linked risk sharing guarantee, under EFSI, aimed at providing new lending to small and medium-sized enterprises (SMEs) and mid-caps affected by the COVID-19 pandemic in Spain. The guarantee facility will be used to cover up to 50% of the credit risk associated with a Spanish bank's corporate and mid-cap loan portfolios.

Objectives

Guarantee under EFSI aimed at providing new lending to SMEs and mid-caps affected by the COVID-19 pandemic in Spain. The guarantee facility will be used to cover up to 50% of the credit risk associated with a Spanish bank's corporate and mid-cap loan portfolios.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 329 million

Total cost (Approximate amount)

EUR 660 million

Environmental aspects

N/A

Procurement

N/A

Status

Signed - 22/12/2020

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).

Related tags

Spain Credit lines