Signature(s)
Amount
€ 1,500,000,000
Countries
Sector(s)
Spain
: € 1,500,000,000
Credit lines
: € 1,500,000,000
Signature date(s)
7/04/2021 : € 500,000,000
14/05/2020 : € 1,000,000,000
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Summary sheet
Release date
27 March 2020
Status
Reference
Signed | 14/05/2020
20200190
Project name
Promoter - financial intermediary
ICO COVID-19 RESPONSE FOR SMES AND MIDCAPS SPAIN
INSTITUTO DE CREDITO OFICIAL,ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 1500 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The project consists of a loan to Instituto de Credito Oficial (ICO), a state-owned bank attached to the Ministry of Economic Affairs and Competitiveness in Spain.
The aim is to enhance access to finance for SMEs and midcaps, mainly located in Spain, affected by the COVID-19 downturn.
Environmental aspects
Procurement
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.
Link to source
Summary sheet
News & Stories
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