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    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

    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.

    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).

    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.

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    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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