Release date: 9 December 2020
Promoter – Financial Intermediary
BANCO BILBAO VIZCAYA ARGENTARIA SALocation
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)
- Credit lines - Credit lines
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).