Release date: 15 May 2020
Promoter – Financial Intermediary
BANCO BILBAO VIZCAYA ARGENTARIA SALocation
Description
The project consists of a multi-beneficiary intermediated loan (MBIL) to support SMEs and midcaps that have been affected by the Covid-19 crisis. The transaction, through a joint EIB-EIF guarantee, will enable BBVA to expand its capacity for new lending.
Objectives
The aim is to enhance access to loan finance to the target beneficiaries that have been affected by the pandemic in Spain.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 87 million
Total cost (Approximate amount)
EUR 899 million
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 - 30/06/2020
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).