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

    Signature(s)

    Amount
    € 143,000,000
    Countries
    Sector(s)
    Spain : € 143,000,000
    Credit lines : € 143,000,000
    Signature date(s)
    24/09/2020 : € 143,000,000

    Summary sheet

    Release date
    1 July 2020
    Status
    Reference
    Signed | 24/09/2020
    20200359
    Project name
    Promoter - financial intermediary
    SANTANDER COVID19 ABS SUPPORT TO SMES & MIDCAPS
    BANCO SANTANDER SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project, as part of the EIB response to COVID-19 crisis, will supports SMEs and midcaps affected by the pandemic. In detail, the EIB will purchase the mezzanine tranche of a synthetic securitisation of a portfolio of SME loans originated by Santander Bank.

    The aim is to facilitate the access to finance of SMEs and midcaps and mitigate the negative economic effects of the Covid-19.

    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.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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
    20200447
    Last update
    2 Sep 2020
    Sector(s)
    Credit lines
    Countries
    Germany
    Publicly available
    Download now

    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.

    Related publications