Release date: 22 April 2020
Promoter – Financial Intermediary
INSTITUT CATALA DE FINANCESLocation
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)
- Credit lines - Credit lines
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).