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    Reference: 20190067
    Release date: 22 May 2019

    Promoter – Financial Intermediary

    IBERCAJA BANCO SA

    Location

    Description

    The project consists of a dedicated loan for financing small and medium-sized projects (mostly leasing) carried out primarily by small and medium-sized enterprises (SMEs) but also projects promoted by mid-cap companies in Spain. A relevant portion of the portfolio will be focused on SMEs and mid-caps with high additionality, such as micro enterprises, those located in less developed regions and in vulnerable sectors.

    Objectives

    Ibercaja is expected to use all or part of this EIB loan for 50% funding of a portfolio of SME loans which may receive a 50% guarantee from combined EIB/EIF and Structural Funds resources under the SME Initiative (SMEI).

    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 EU applicable legislation, as appropriate and where applicable.

    Procurement

    The Bank will require that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.

    Status

    Signed - 29/07/2019

    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).

    Related tags

    Spain Credit lines