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    Reference: 20200136
    Release date: 9 December 2020

    Promoter – Financial Intermediary

    BANCO BILBAO VIZCAYA ARGENTARIA SA

    Location

    Description

    De-linked risk sharing guarantee, under EFSI, aimed at providing new lending to small and medium-sized enterprises (SMEs) and mid-caps affected by the COVID-19 pandemic in Spain. The guarantee facility will be used to cover up to 50% of the credit risk associated with a Spanish bank's corporate and mid-cap loan portfolios.

    Objectives

    Guarantee under EFSI aimed at providing new lending to SMEs and mid-caps affected by the COVID-19 pandemic in Spain. The guarantee facility will be used to cover up to 50% of the credit risk associated with a Spanish bank's corporate and mid-cap loan portfolios.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 330 million

    Total cost (Approximate amount)

    EUR 660 million

    Environmental aspects

    N/A

    Procurement

    N/A

    Status

    Signed - 22/12/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Spain Credit lines