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    Reference: 20150738
    Release date: 29 July 2016

    Promoter – Financial Intermediary

    NUEVO MICRO BANK SA

    Location

    Description

    This is an operation under the "EU Programme Loan for SME and Midcaps" (2014-0718), aiming at supporting micro initiatives mainly in Spain.

    Objectives

    Loan to finance small enterprises and entrepreneurs with the objective to promote economic activity and job creation, especially among the youth and the unemployed, in Spain.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 60 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, as appropriate.

    Status

    Signed - 19/10/2016

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Spain Credit lines