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BBVA - ABS EGF ENHANCED SME SUPPORT II

Signature(s)

Amount
€ 54,000,000
Countries
Sector(s)
Spain : € 54,000,000
Credit lines : € 54,000,000
Signature date(s)
29/06/2022 : € 54,000,000
Link to source
Data sheet
BBVA - ABS EGF ENHANCED SME SUPPORT II
Other links
Summary sheet
BBVA - ABS EGF ENHANCED SME SUPPORT II

Summary sheet

Release date
31 May 2022
Status
Reference
Signed | 29/06/2022
20220248
Project name
Promoter - financial intermediary
BBVA - ABS EGF ENHANCED SME SUPPORT II
BANCO BILBAO VIZCAYA ARGENTARIA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 54 million
EUR 605 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 guarantee of up to EUR 60 million on a granular synthetic securitisation for the ultimate benefit of BANCO BILBAO VIZCAYA ARGENTARIA S.A.. It is presented under the EGF - EU PL - LOAN SUBSTITUTE INSTRUMENT (2021-0635) with the aim to directly address 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 mobilize 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 II
Other links
Data sheet
BBVA - ABS EGF ENHANCED SME SUPPORT II

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).

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.

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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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