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    Reference: 20170465
    Release date: 14 July 2017

    Promoter – Financial Intermediary

    BANCO BILBAO VIZCAYA ARGENTARIA SA, BANCO BILBAO VIZCAYA ARGENTARIA SA

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 150 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, where applicable.

    Status

    Signed - 23/11/2017

    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