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ICO LOAN FOR SMES I

Signature(s)

Amount
€ 500,000,000
Countries
Sector(s)
Spain : € 500,000,000
Credit lines : € 500,000,000
Signature date(s)
26/03/2009 : € 500,000,000
Link to source
Data sheet
ICO LOAN FOR SMES I
Other links
Summary sheet
ICO Loan for SMEs I
Related press
Spain: EUR 500 million loan to ICO for financing SME projects

Summary sheet

Release date
26 January 2009
Status
Reference
Signed | 26/03/2009
20080694
Project name
Promoter - financial intermediary
ICO Loan for SMEs I

Instituto de Crédito Oficial (ICO)

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
To be decided.
Not applicable.
Location
Sector(s)
Description
Objectives

The project consists of a credit line to finance small-sized investments carried out by SMEs.

The credit line will be used to finance projects of limited scale promoted by SMEs.

Environmental aspects
Procurement

All sub-projects to be financed under this credit line for SMEs will be required to comply with relevant national and EU policy and legislation.

The Bank will require that sub-projects financed under the credit line for SMEs comply with the relevant EU Directives on procurement (where applicable).

Link to source
Summary sheet
ICO Loan for SMEs I
Other links
Data sheet
ICO LOAN FOR SMES I
Related press
Spain: EUR 500 million loan to ICO for financing SME projects

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).

News & Stories

Link to source
Related press
Spain: EUR 500 million loan to ICO for financing SME projects
Other links
Data sheet
ICO LOAN FOR SMES I
Summary sheet
ICO Loan for SMEs I

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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