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Signature(s)

Amount
€ 87,141,236.88
Countries
Sector(s)
Spain : € 87,141,236.88
Credit lines : € 87,141,236.88
Signature date(s)
30/06/2020 : € 87,141,236.88
Link to source

Summary sheet

Release date
15 May 2020
Status
Reference
Signed | 30/06/2020
20200312
Project name
Promoter - financial intermediary
BBVA COVID19 SUPPORT TO SMES & MIDCAPS
BANCO BILBAO VIZCAYA ARGENTARIA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 87 million
EUR 899 million
Location
Sector(s)
Description
Objectives

The project consists of a multi-beneficiary intermediated loan (MBIL) to support SMEs and midcaps that have been affected by the Covid-19 crisis. The transaction, through a joint EIB-EIF guarantee, will enable BBVA to expand its capacity for new lending.

The aim is to enhance access to loan finance to the target beneficiaries that have been affected by the pandemic in Spain.

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.

Related projects
Link to source

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 - EU PL ABS COVID19 RESPONSE FOR SMES&MIDCAPS
Publication Date
1 Sep 2020
Document Language
English
Main Topic
lending
Document Number
133221926
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20210349
Last update
2 Sep 2020
Sector(s)
Credit lines
Countries
Italy
Publicly available
Download now
Link to source

News & Stories

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.

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