Release date: 11 March 2013
Promoter – Financial Intermediary
COMUNIDAD AUTONOMA DE CANARIAS / ACCEPTABLE BANK(S)Location
Description
Loan for SMEs and Midcaps to finance small and medium size projects in Canary Islands.
Objectives
Improving access to term finance at favourable conditions, the present loan will be specifically earmarked for projects contributing to the growth and employment potential of SMEs (including Midcaps) and to the economic and social cohesion in the region of Canary Islands, an outermost and phase-in convergence area.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with national and EU applicable legislation, as appropriate and where applicable.
Procurement
The Bank will require that projects financed under this operation comply with national and EU applicable legislation, as appropriate and where applicable.
Status
Signed - 24/07/2013