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    Reference: 20130351
    Release date: 7 August 2013

    Promoter – Financial Intermediary

    Banco Santander Mexico S.A.

    Location

    Description

    The project concerned is a Global Loan that will make funds available to either SMEs, MidCaps or private sector entities undertaking investments in Mexico.

    Objectives

    The operation envisages support to local private sector development, in particular SMEs and Mid-Caps, which is one of the high-level horizontal objectives of the EIB's Revised External Mandate.

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

    The EIB carries out thorough due diligence on the Intermediaries capacity and procedures to adhere to the Bank's standards and rules in administering EIB finance, to ensure compliance of the Intermediary's allocations with Union social and environmental principles, and, where appropriate, public consultation.

    Procurement

    All Final Beneficiaries will be private sector entities which are not subject to public procurement rules. Nevertheless, the Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Signed - 23/04/2014

    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).

    Related tags

    Mexico Credit lines