Release date: 25 April 2019
Promoter – Financial Intermediary
BANCO SANTANDER SALocation
Description
The project consists of a loan for financing small and medium-sized projects carried out primarily by small and medium-sized enterprises (SMEs) or mid-caps, mainly located in Spain. A relevant portion of the portfolio will be focused on SMEs and mid-caps with great additionality, such as micro enterprises and those located in regions with high unemployment.
Objectives
This loan will have a special dedication to SMEs and mid-caps that fulfil one or more of the following characteristics (more detail will be provided at the appraisal stage): • Located in transition/less-developed regions. • Located in regions/provinces with higher than average unemployment. • Micro-enterprises (less than 10 employees). • Vulnerable/strategic sectors such as agriculture. • Innovative companies in accordance with EIB's innovation criteria as proposed in the note "Contribution of EIB intermediated lending to SMEs and mid-caps in the EU to the innovation and skills public policy goal" (OPS/OSD-3/2017-1347, PJ/INCO/2017-186) for multi-beneficiary intermediated loans (MBILs) in the EU.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 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 - 26/06/2019
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).