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    Signature(s)

    Amount
    € 22,500,000
    Countries
    Sector(s)
    Spain : € 22,500,000
    Education : € 22,500,000
    Signature date(s)
    4/02/2016 : € 22,500,000

    Summary sheet

    Release date
    21 October 2015
    Status
    Reference
    Signed | 04/02/2016
    20150434
    Project name
    Promoter - financial intermediary
    MICROBANK ERASMUS STUDENT LOAN
    NUEVO MICRO BANK SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 22 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    A new product aiming partially to finance master studies in the EU under the European Commission´s Erasmus programme.

    This project concerns a student loan operation promoted by MicroBank in Spain, supporting the first transaction under the new mandate Erasmus Student Loan Guarantee given by the European Investment Fund.

    Environmental aspects
    Procurement

    The project does not comprise any tangible investment. In the light of this and of its immaterial nature, the project does not fall under any of the annexes of Directive 2011/92/EU and therefore does not need an environmental impact assessment.

    The Bank will require the promoter to ensure that contracts for implementation of the project (if any) have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EC or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

    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).

    News & Stories

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