Release date: 17 April 2009
Promoter – Financial Intermediary
Caja de Ahorros y Monte de Piedad de Navarra (CAN)Location
Description
Credit line to finance small and medium sized investments carried out mainly by SMEs and also mid-cap companies in Spain.
Objectives
The loan aims to enhance the support to the economic development of SMEs in Spain, in particular in a region where these companies play an important role in the local economy. The proposed loan is fully consistent with the EU objectives and the new policy of the Bank of support SMEs.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
All projects to be financed under this loan for SMEs will be required to comply with relevant national and EU policy and legislation.
Procurement
The Bank will require that projects financed under the loan comply, where applicable, with the relevant EU Directives on procurement.
Status
Signed - 15/09/2009
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).