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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Spain : € 100,000,000
    Credit lines : € 100,000,000
    Signature date(s)
    28/10/2003 : € 100,000,000

    Summary sheet

    Release date
    29 July 2003
    Status
    Reference
    Signed | 28/10/2003
    20030165
    Project name
    Promoter - financial intermediary
    Rural Cooperative Bank Sector in Spain Global Loan I
    Banco Cooperativo Español
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    The EIB funding would represent up to 50% of individual allocations and about 33% of total investment in projects.
    Not available
    Location
    Sector(s)
    Description
    Objectives

    Multi-purpose global loan to finance small and medium-sized private and public sector projects in industry, tourism, and services promoted by SMEs as well as in infrastructure, environmental protection and improvement, energy, health, education and housing in rural areas.

    The project will contribute to regional development by improving infrastructures in assisted areas and also by contributing to environmental protection, reduction in pollution as well as rational use of energy and diversification.

    Environmental aspects
    Procurement

    In accordance with the Bank's global loan policy, Banco Cooperativo Español will ensure that national legislation and EU directives will be applied as regards environmental protection.

    In accordance with the Bank's global loan policy, Banco Cooperativo Español will ensure that national legislation and EU tendering directives are applied.

    Comments

    Industry, tourism, services, infrastructure, environmental protection, energy, health, education and housing.

    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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