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The project consists of a loan to Caixabank to increase total lending to small and medium-sized enterprises (SMEs) and MidCaps in Spain.
The operation aims to enhance access to finance to the target beneficiaries. It will also help ease the severe economic and social impact of the war in Ukraine, by offering support to the mostly affected Spanish SMEs and Midcaps.
The operation will support Access to Finance for SMEs & Midcaps by creating additional lending capacity for financial intermediaries. In addition, the operation will allow for a quick deployment of EIB funds to Final Beneficiaries in a operation Loan could also target other EIB high priority areas such as Climate and support key EU policies such as REPowerE
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.