Reference: 20200309
Release date: 15 May 2020

Promoter – Financial Intermediary

SANTANDER CONSUMER FINANCE SA,BANCO SANTANDER SA

Location

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)

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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

EU Countries Spain Credit lines