Release date: 21 October 2015
Promoter – Financial Intermediary
NUEVO MICRO BANK SALocation
Description
A new product aiming partially to finance master studies in the EU under the European Commission´s Erasmus programme.
Objectives
This project concerns a student loan operation promoted by MicroBank in Spain, supporting the first transaction under the new mandate Erasmus Student Loan Guarantee given by the European Investment Fund.
Sector(s)
- Education - Education
Proposed EIB finance (Approximate amount)
EUR 22 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The project does not comprise any tangible investment. In the light of this and of its immaterial nature, the project does not fall under any of the annexes of Directive 2011/92/EU and therefore does not need an environmental impact assessment.
Procurement
The Bank will require the promoter to ensure that contracts for implementation of the project (if any) have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EC or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 4/02/2016
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).