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    Signature(s)

    Amount
    € 69,946,261.19
    Countries
    Sector(s)
    Spain : € 69,946,261.19
    Credit lines : € 69,946,261.19
    Signature date(s)
    10/05/2019 : € 13,357,079.25
    10/05/2019 : € 56,589,181.94

    Summary sheet

    Release date
    21 December 2018
    Status
    Reference
    Signed | 10/05/2019
    20180578
    Project name
    Promoter - financial intermediary
    BANCA MARCH ENHANCED SUPPORT FOR MIDCAPS
    BANCA MARCH SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 70 million
    EUR 140 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of an EIB guarantee to create additional lending capacity for mid-cap financing in Spain.

    The project consists of a funded risk participation scheme under a partial delegation approach by which the EIB will cover up to 50% of the losses in respect of each defaulted loan of a non-granular and pre-selected portfolio of corporate and mid-cap loans. The objective of the operation is releasing resources that will be used to promote small and medium-sized enterprises (SME) and mid-cap financing, thereby facilitating new lending to projects carried out by small companies, mainly in Spain but also in other EU countries. Consequently, the proposed transaction would promote medium and long-term lending for capital investment and would contribute to strengthen the productivity and competitiveness of SMEs and mid-caps. Some of the projects will foster investments in, among other sectors, knowledge economy, renewable energy and energy efficiency, protection of the environment and natural resource efficiency. A minimum of 70% of the new portfolio will be dedicated to SMEs, with mid-caps accounting for up to 30%.

    Environmental aspects
    Procurement

    In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require the Intermediary to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require the Intermediary to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    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).

    scoreboard - BANCA MARCH ENHANCED SUPPORT FOR MIDCAPS
    Publication Date
    12 Apr 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    91659491
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20180578
    Last update
    12 Apr 2019
    Sector(s)
    Credit lines
    Countries
    Spain
    Publicly available
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