Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 140,000,000
    Countries
    Sector(s)
    Spain : € 140,000,000
    Credit lines : € 140,000,000
    Signature date(s)
    22/12/2020 : € 70,000,000
    15/12/2021 : € 70,000,000

    Summary sheet

    Release date
    12 May 2020
    Status
    Reference
    Signed | 22/12/2020
    20200135
    Project name
    Promoter - financial intermediary
    BANCA MARCH RS COVID19 RESPONSE FOR SMES&MIDCAPS
    BANCA MARCH SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 140 million
    EUR 280 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of an unfunded 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 Midcap loans. This transaction will contribute to create additional lending capacity for SMEs and midcaps affected by the COVID-19 epidemic, mainly in Spain but also in other EU countries.

    The operation will promote medium and long-term lending for capital investments and would contribute to strengthen the productivity and competitiveness of SMEs and midcaps. 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. The guarantee will also help ease the economic and social impact of the coronavirus outbreak, by offering support to Spanish SMEs and Midcaps under strain from the coronavirus pandemic and its economic effects.

    Environmental aspects
    Procurement

    The EIB will require Banca March to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final beneficiaries for the financed sub-projects will comply with the relevant EU legislation and the applicable national legislation, provided that this latter is in line 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 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).

    scoreboard - BANCA MARCH RS COVID19 RESPONSE FOR SMES&MIDCAPS
    Publication Date
    20 Jul 2020
    Document Language
    English
    Main Topic
    lending
    Document Number
    132087401
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20200135
    Last update
    20 Jul 2020
    Sector(s)
    Credit lines
    Countries
    Spain
    Publicly available
    Download now

    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 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.

    Related publications