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SCF PAN-EUROPEAN FLEET RENEWAL L4SMES-MIDCAPS

Signature(s)

Amount
€ 170,000,000
Countries
Sector(s)
Portugal : € 17,000,000
Germany : € 42,500,000
France : € 42,500,000
The Netherlands : € 68,000,000
Credit lines : € 170,000,000
Signature date(s)
11/07/2024 : € 7,000,000
20/12/2023 : € 10,000,000
11/07/2024 : € 17,500,000
11/07/2024 : € 17,500,000
20/12/2023 : € 25,000,000
20/12/2023 : € 25,000,000
11/07/2024 : € 28,000,000
20/12/2023 : € 40,000,000
Link to source
Data sheet
SCF PAN-EUROPEAN FLEET RENEWAL L4SMES-MIDCAPS
Other links
Summary sheet
SCF PAN-EUROPEAN FLEET RENEWAL L4SMES-MIDCAPS

Summary sheet

Release date
6 December 2023
Status
Reference
Signed | 20/12/2023
20230200
Project name
Promoter - financial intermediary
SCF PAN-EUROPEAN FLEET RENEWAL L4SMES-MIDCAPS
SANTANDER CONSUMER FINANCE SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists of a loan to Santander Consumer Finance (SCF) to support vehicle fleet renewal projects carried out primarily by small and medium sized enterprises (SMEs) and mid-caps located in the Netherlands, France, Germany and Portugal.

The aim is to finance investments by SMEs and mid-caps in fleet renewal and acquisition, including commercial fleet for land transport.

Environmental aspects
Procurement

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.

Milestone
Under appraisal
Approved
Signed
15 December 2023
20 December 2023
Link to source
Summary sheet
SCF PAN-EUROPEAN FLEET RENEWAL L4SMES-MIDCAPS
Other links
Data sheet
SCF PAN-EUROPEAN FLEET RENEWAL L4SMES-MIDCAPS

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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