Release date: 7 April 2015
Promoter – Financial Intermediary
BANCO POPULAR ESPANOL S.A., BANCO POPULAR PORTUGAL S.A.Location
Description
Dedicated EIB loan for SMEs and Mid-caps to finance small and medium-sized investment projects in Spain and Portugal, but also in other EU countries.
Objectives
The loan amount will be used for the financing of small and medium-sized investment projects in eligible sectors carried out by SMEs and mid-cap enterprises (up to 3 000 employees), mainly in Spain and Portugal but also in other EU countries.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with EU and domestic applicable legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with EU and domestic applicable legislation, as appropriate.
Status
Signed - 28/05/2015
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).