Release date: 30 June 2010
Promoter – Financial Intermediary
Bilbao Bizkaia Kutxa
Location
Description
Dedicated loan for the financing of SME and small and medium-sized investments promoted by mid-caps and local authorities. It is foreseen that up to 30% of the total loan amount will be allocated to projects carried out by mid-caps and local authorities.
Objectives
The loan is expected to support projects undertaken by SMEs operating in different sectors of industry and services, but also in those falling under the scope of the Bank’s knowledge economy initiative. It will also support projects carried out by local authorities in convergence regions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.
Status
Signed - 30/09/2010
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).