Release date: 14 July 2017
Promoter – Financial Intermediary
BANCO BILBAO VIZCAYA ARGENTARIA SA, BANCO BILBAO VIZCAYA ARGENTARIA SA
The purpose of this pilot funding facility, intermediated by BBVA, is to finance the innovation and digitalisation of small and medium-sized enterprises (SMEs) and midcaps in Spain.
As part of its strategy, BBVA has committed to upgrading its distribution channels to the new requirements in this digital age by transforming the digital experience of its SME clients, and offering financing for new digital solutions and products to its customers.
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.
Signed - 23/11/2017
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).