Release date: 10 June 2024
Promoter – Financial Intermediary
NUEVO MICRO BANK SALocation
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)
- Credit lines - Credit lines
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
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).