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CANARIAS LOAN FOR SMES AND MID-CAPS

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Spain : € 100,000,000
Credit lines : € 100,000,000
Signature date(s)
24/07/2013 : € 100,000,000
Link to source
Data sheet
CANARIAS LOAN FOR SMES AND MID-CAPS
Other links
Summary sheet
LOAN TO SMES AND MID-CAPS IN CANARIAS

Summary sheet

Release date
11 March 2013
Status
Reference
Signed | 24/07/2013
20130064
Project name
Promoter - financial intermediary
LOAN TO SMES AND MID-CAPS IN CANARIAS
COMUNIDAD AUTONOMA DE CANARIAS / ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
Not applicable.
Location
Sector(s)
Description
Objectives

Loan for SMEs and Midcaps to finance small and medium size projects in Canary Islands.

Improving access to term finance at favourable conditions, the present loan will be specifically earmarked for projects contributing to the growth and employment potential of SMEs (including Midcaps) and to the economic and social cohesion in the region of Canary Islands, an outermost and phase-in convergence area.

Environmental aspects
Procurement

The Bank will require that projects financed under this operation comply with national and EU applicable legislation, as appropriate and where applicable.

The Bank will require that projects financed under this operation comply with national and EU applicable legislation, as appropriate and where applicable.

Link to source
Summary sheet
LOAN TO SMES AND MID-CAPS IN CANARIAS
Other links
Data sheet
CANARIAS LOAN FOR SMES AND MID-CAPS

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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