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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)
5/07/2010 : € 200,000,000
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Summary sheet

Summary sheet

Release date
12 May 2009
Status
Reference
Signed | 05/07/2010
20080784
Project name
Promoter - financial intermediary
BBVA Loan For SMEs I
Banco Bilbao Vizcaya Argentaria - BBVA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Estimated at EUR 300 million.
Not applicable.
Location
Sector(s)
Description
Objectives

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

The EIB involvement will generate positive effects, mainly in terms of availability of long duration funding but also in terms of overall financing costs, which would be particularly appreciated by small-sized promoters.

Environmental aspects
Procurement

In accordance with the Bank's policy to ensure that the loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.

In accordance with the Bank's policy to ensure that the loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.

Link to source
Summary sheet
Other links

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 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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