Caja Navarra Loan for SMEs I

Promoter – Financial Intermediary

Caja de Ahorros y Monte de Piedad de Navarra (CAN)

Location

• Spain

Description

Credit line to finance small and medium sized investments carried out mainly by SMEs and also mid-cap companies in Spain.

Objectives

The loan aims to enhance the support to the economic development of SMEs in Spain, in particular in a region where these companies play an important role in the local economy. The proposed loan is fully consistent with the EU objectives and the new policy of the Bank of support SMEs.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 150 million.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

All projects to be financed under this loan for SMEs will be required to comply with relevant national and EU policy and legislation.

Procurement

The Bank will require that projects financed under the loan comply, where applicable, with the relevant EU Directives on procurement.

Status

Signed - 15/09/2009