Signature(s)
Summary sheet
- Credit lines - Credit lines
EIB guarantee to create additional lending capacity for small and medium-sized enterprises (SMEs) and mid-caps in Spain.
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, the knowledge economy, renewable energy and energy efficiency, protection of the environment and natural resource efficiency. The project consists of a guarantee 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. Furthermore, this operation will help ease the economic and social impact of the coronavirus outbreak, by offering support to Spanish SMEs and mid-caps under strain from the coronavirus pandemic and its economic effects.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
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).
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