BBVA ABS OPERATION FOR SMES & MIDCAPS

Promoter – Financial Intermediary

BANCO BILBAO VIZCAYA ARGENTARIA SA

Location

• Spain

Description

The operation operation will allow BBVA to optimise capital allocation across business segments to create headroom for new lending activity targeting small and medium sized enterprises (SMEs) and Midcaps in Spain.

Objectives

The aim is to enhance access to finance for the target beneficiaries, including those located in cohesion regions. Ultimately, the scope is to promote employment in the country.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

not applicable

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Signed - 17/06/2024