Release date: 24 September 2019
Promoter – Financial Intermediary
BANCA MARCH SALocation
Description
The project consists of an EIB loan to Banca March to finance small and medium-sized projects carried out by SMEs (minimum 70% of total loan amount) and Mid-Caps (Up to 30% of total amount) located in Spain.
Objectives
The operation will allow to enhance access to finance for Spanish SMEs and Midcaps.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 21/11/2019
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).