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    Reference: 20150557
    Release date: 1 December 2015

    Promoter – Financial Intermediary




    The project relates to a programme loan to provide financing to a number of commercial banks in Spain for the implementation of their state-of-the art information technology (IT) developments.


    The programme aims to finance IT-related projects which could notably include the research, development and innovation and implementation of IT systems in the fields of mobile services, digitalisation, process optimisation, business model evolution, regulatory requirements, risk management and cyber-security protection.

    Proposed EIB finance (Approximate amount)

    EUR 120 million

    Total cost (Approximate amount)

    EUR 600 million

    Environmental aspects

    The implementation of banking IT systems is not covered by the Environmental Impact Assessment (EIA) Directive (2011/92/EU). In addition, the project activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project.


    The promoters of the individual projects under the programme have been assessed by the EIB as being private companies not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.


    Approved - 2/02/2016


    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).

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