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    Reference: 20190793
    Release date: 10 June 2024

    Promoter – Financial Intermediary

    NUEVO MICRO BANK SA

    Location

    Description

    The operation will finance through MicroBank, the social bank of CaixaBank Group, small and medium sized enterprises (SMEs), start-ups and self-employed people in Spain and other EU countries. ,

    Objectives

    The aim is to support those people whose financial needs are not adequately covered by the traditional banking system and help them to start up or expand their businesses. The ultimate scope is to promote employment, especially among young people.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 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 - 6/05/2024

    Milestone
    Under appraisal
    Approved
    Signed
    23 September 2020
    6 May 2024

    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