BBVA Loan For SMEs I

Promoter – Financial Intermediary

Banco Bilbao Vizcaya Argentaria - BBVA

Location

• Spain

Description

The project consists of a loan to finance small-sized investments carried out by SMEs.

Objectives

The EIB involvement will generate positive effects, mainly in terms of availability of long duration funding but also in terms of overall financing costs, which would be particularly appreciated by small-sized promoters.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

Estimated at EUR 300 million.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

In accordance with the Bank's policy to ensure that the loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.

Procurement

In accordance with the Bank's policy to ensure that the loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.

Status

Signed - 5/07/2010