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BCL GL XIX

Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Spain : € 150,000,000
Credit lines : € 150,000,000
Signature date(s)
24/05/2004 : € 150,000,000
Link to source
Data sheet
BCL GL XIX
Other links
Summary sheet
Banco de Credito Local (Global Loan XIX)

Summary sheet

Release date
17 February 2004
Status
Reference
Signed | 24/05/2004
20030573
Project name
Promoter - financial intermediary
Banco de Credito Local (Global Loan XIX)
Banco de Credito Local de España (BCL).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 m. The EIB funding would represent up to 50% of individual allocations and about 33% of the total investment in projects.
Approximately EUR 450m.
Location
Sector(s)
Description
Objectives

The global loan will be used to finance projects of limited scale in infrastructure, environmental protection and improvement, energy, health, education and housing, as well as those falling under the scope of the EIB’s innovation 2010 initiative (i2i).

The global loan will contribute to regional development by improving infrastructures in assisted areas.

Environmental aspects
Procurement

In accordance with the Bank’s global loans policy, BCL will ensure that national legislation and EU directives will be applied as regards environmental protection.

In accordance with the Bank’s global loan policy, BCL will ensure that national legislation and EU tendering directives are applied.

Comments

Infrastructure.

Link to source
Summary sheet
Banco de Credito Local (Global Loan XIX)
Other links
Data sheet
BCL GL XIX

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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