Signature(s)
Amount
€ 150,000,000
Countries
Sector(s)
Spain
: € 150,000,000
Credit lines
: € 150,000,000
Signature date(s)
20/11/2017 : € 150,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
14 July 2017
Status
Reference
Signed | 23/11/2017
20170465
Project name
Promoter - financial intermediary
INNOVATION AND DIGITALISATION OF SPANISH SMES
BANCO BILBAO VIZCAYA ARGENTARIA SA, BANCO BILBAO VIZCAYA ARGENTARIA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
Not applicable.
Location
Sector(s)
Description
Objectives
The purpose of this pilot funding facility, intermediated by BBVA, is to finance the innovation and digitalisation of small and medium-sized enterprises (SMEs) and midcaps in Spain.
As part of its strategy, BBVA has committed to upgrading its distribution channels to the new requirements in this digital age by transforming the digital experience of its SME clients, and offering financing for new digital solutions and products to its customers.
Environmental aspects
Procurement
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.
Link to source
Summary sheet
Other links
Data sheet