Release date: 5 July 2024
Promoter – Financial Intermediary
SANTANDER CONSUMER BANK AGLocation
Description
By freeing up capital and decreasing the intermediary's credit risk, the operation will support the intermediary in providing additional loans to mid-caps in Germany and potentially in Austria operating in all EIB's eligible sectors.
Objectives
The aim is to enhance access to finance for the target beneficiaries and bring a positive impact on growth and employment. It is envisaged that part of the available financial resources will be dedicated to support green projects.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 560 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Approved - 19/07/2024
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).