Release date: 12 May 2009
Promoter – Financial Intermediary
Banco Bilbao Vizcaya Argentaria - BBVALocation
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)
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
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).