Release date: 29 July 2016
Promoter – Financial Intermediary
NUEVO MICRO BANK SALocation
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)
- Credit lines - Credit lines
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 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).