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        SANTANDER FOCUSED SUPPORT FOR SME & MIDCAPS 2019

        Signature(s)

        Amount
        € 300,000,000
        Countries
        Sector(s)
        Spain : € 300,000,000
        Credit lines : € 300,000,000
        Signature date(s)
        26/06/2019 : € 92,500,000
        8/06/2020 : € 207,500,000

        Summary sheet

        Release date
        25 April 2019
        Status
        Reference
        Signed | 26/06/2019
        20190012
        Project name
        Promoter - financial intermediary
        SANTANDER FOCUSED SUPPORT FOR SME & MIDCAPS 2019
        BANCO SANTANDER SA
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 300 million
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        The project consists of a loan for financing small and medium-sized projects carried out primarily by small and medium-sized enterprises (SMEs) or mid-caps, mainly located in Spain. A relevant portion of the portfolio will be focused on SMEs and mid-caps with great additionality, such as micro enterprises and those located in regions with high unemployment.

        This loan will have a special dedication to SMEs and mid-caps that fulfil one or more of the following characteristics (more detail will be provided at the appraisal stage): • Located in transition/less-developed regions. • Located in regions/provinces with higher than average unemployment. • Micro-enterprises (less than 10 employees). • Vulnerable/strategic sectors such as agriculture. • Innovative companies in accordance with EIB's innovation criteria as proposed in the note "Contribution of EIB intermediated lending to SMEs and mid-caps in the EU to the innovation and skills public policy goal" (OPS/OSD-3/2017-1347, PJ/INCO/2017-186) for multi-beneficiary intermediated loans (MBILs) in the EU.

        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 information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only 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.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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