Release date: 15 May 2020
Promoter – Financial Intermediary
BANCO SANTANDER SA,SANTANDER CONSUMER FINANCE SALocation
Description
The project consists of a multi-beneficiary intermediated loan (MBIL) to facilitate lending to SMEs and midcaps that have been affected by the Covid-19 pandemic.
Objectives
The aim is enhancing access to loan financing for the target beneficiaries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 350 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 - 8/06/2020
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).