Release date: 30 May 2024
Promoter – Financial Intermediary
BANCO DE SABADELL SALocation
Description
The operation consists in a de-linked risk sharing guarantee covering up to 50% of the credit risk.
Objectives
The aim is to promote and accelerate private sector investments by providing new loans to small and medium sized enterprises (SMEs) and midcaps in Spain, the backbone for the Spanish economy in terms of growth and employment.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 840 million
Environmental aspects
Sub-loans should comply with the EU legislation, in particular in the fields of environment and public procurement. Therefore, the EIB will require Banco de Sabadell to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances, will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.
Procurement
Sub-loans should comply with the EU legislation, in particular in the fields of environment and public procurement. Therefore, the EIB will require Banco de Sabadell to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances, will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.
Status
Signed - 24/05/2024
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).