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    Reference: 20170797
    Release date: 13 November 2017

    Promoter – Financial Intermediary

    BANKIA SA

    Location

    Description

    Dedicated EIB loan for financing small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) and mid-caps in Spain. At least 70% of the loan amount will be used for SME financing. The rest, up to 30% of the total amount, could be used in small and medium-sized investment projects in eligible sectors carried out by mid-cap enterprises (up to 3 000 employees).

    Objectives

    This intermediated loan will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 400 million

    Total cost (Approximate amount)

    EUR 800 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 - 19/12/2017

    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