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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Mexico : € 150,000,000
    Credit lines : € 150,000,000
    Signature date(s)
    23/04/2014 : € 150,000,000

    Summary sheet

    Release date
    7 August 2013
    Status
    Reference
    Signed | 23/04/2014
    20130351
    Project name
    Promoter - financial intermediary
    LATIN AMERICAN GLOBAL LOAN FOR SMES & MIDCAPS
    Banco Santander Mexico S.A.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    The project concerned is a Global Loan that will make funds available to either SMEs, MidCaps or private sector entities undertaking investments in Mexico.

    The operation envisages support to local private sector development, in particular SMEs and Mid-Caps, which is one of the high-level horizontal objectives of the EIB's Revised External Mandate.

    Environmental aspects
    Procurement

    The EIB carries out thorough due diligence on the Intermediaries capacity and procedures to adhere to the Bank's standards and rules in administering EIB finance, to ensure compliance of the Intermediary's allocations with Union social and environmental principles, and, where appropriate, public consultation.

    All Final Beneficiaries will be private sector entities which are not subject to public procurement rules. Nevertheless, the Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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