Reference: 20200243
Release date: 22 April 2020

Promoter – Financial Intermediary

INSTITUT CATALA DE FINANCES

Location

Description

The project consists in a facility in support of SMEs and midcaps affected by the COVID-19 crisis mainly in the Spanish region of Catalonia.

Objectives

The aim is to mobilise financial resources to mitigate the impact of the COVID-19 epidemic on local companies. Sub-operations will be loans for SMEs and Midcaps.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 250 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 - 25/05/2020

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