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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Spain : € 200,000,000
Credit lines : € 200,000,000
Signature date(s)
30/01/2009 : € 200,000,000
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Summary sheet

Summary sheet

Release date
27 November 2008
Status
Reference
Signed | 30/01/2009
20080365
Project name
Promoter - financial intermediary
Igape Loan to SMEs II

Instituto Gallego de Promoción Economica (IGAPE)

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Not applicable.
Around EUR 400 million.
Location
Sector(s)
Description
Objectives

Credit line mainly for the financing of small- and medium-scale projects according to the Bank’s eligibility criteria in the region of Galicia.

The proposed credit line would enhance the Bank’s support in favour of projects contributing to reinforce the productivity and competitiveness of SMEs throughout Galicia, a Convergence region.

Environmental aspects
Procurement

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

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

Link to source
Summary sheet

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).

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Alternatively, the EIB can be contacted through its external offices.
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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.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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