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    Reference: 20200309
    Release date: 15 May 2020

    Promoter – Financial Intermediary

    BANCO SANTANDER SA,SANTANDER CONSUMER FINANCE 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 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).

    Related tags

    Spain The Netherlands EU Countries Credit lines