Release date: 8 November 2017
Promoter – Financial Intermediary
IBERCAJA BANCO SALocation
Description
Dedicated loan for financing small and medium-sized projects carried out primarily by small and medium-sized enterprises (SMEs) and mid-cap companies in Spain. Ibercaja is expected to use all or part of this EIB loan for 50% funding of a portfolio of SME loans which may receive a 50% guarantee from combined EIB/EIF and Structural Funds resources under the SME Initiative (SMEI).
Objectives
This intermediated loan will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 300 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 - 4/04/2018
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).