Release date: 18 November 2016
Promoter – Financial Intermediary
BANKIA SALocation
Description
Loan to finance small and medium-sized enterprises (SMEs) and mid-caps in Spain and other EU countries. This is an operation under the EU Programme Loan for SMEs and Mid-caps.
Objectives
At least 70% of the loan amount will be used for SME financing. The rest, up to 30% of the total EIB loan amount, could be used in small and medium-sized investment projects in eligible sectors carried out by mid-cap enterprises (up to 3 000 employees). It is foreseen that about 20% of the funds will be extended in convergence areas in Spain.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation.
Status
Signed - 2/12/2016