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        BBVA - ABS EGF ENHANCED SME SUPPORT

        Signature(s)

        Amount
        € 120,125,462.35
        Countries
        Sector(s)
        Spain : € 120,125,462.35
        Credit lines : € 120,125,462.35
        Signature date(s)
        17/12/2021 : € 120,125,462.35
        Link to source
        Data sheet
        BBVA - ABS EGF ENHANCED SME SUPPORT
        Other links
        Summary sheet
        BBVA - ABS EGF ENHANCED SME SUPPORT

        Summary sheet

        Release date
        22 November 2021
        Status
        Reference
        Signed | 17/12/2021
        20210666
        Project name
        Promoter - financial intermediary
        BBVA - ABS EGF ENHANCED SME SUPPORT
        BANCO BILBAO VIZCAYA ARGENTARIA SA
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 120 million
        EUR 1344 million
        Location
        Sector(s)
        Description
        Objectives

        First loss piece guarantee on a synthetic securitisation structure to support small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) located in Spain.

        The operation concerns a first loss piece ("FLP") guarantee of up to EUR 120 million on a granular synthetic securitisation for the ultimate benefit of BBVA S.A.. It is presented under the EGF - EU PL - LOAN SUBSTITUTE INSTRUMENT (2021-0635) with the aim of directly addressing the working capital, liquidity needs and investment constraints of EU SMEs. The programme loan for EGF Loan Substitute ("EGF-ABS") operations was designed with the purpose to mobilise new SME lending.

        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
        BBVA - ABS EGF ENHANCED SME SUPPORT
        Other links
        Data sheet
        BBVA - ABS EGF ENHANCED SME SUPPORT

        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).

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        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.

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        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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