Release date: 27 December 2022
Promoter – Financial Intermediary
BANCO DE SABADELL SALocation
Description
Dedicated loan to support small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) and mid-caps, located mainly in Spain, but also in other EU countries with a partial dedication to Climate Action projects.
Objectives
The proposed operation aims to support new lending to SMEs and Mid-xaps in Spain with a partial dedication to Climate Action project. It will also help ease the economic and social impact of the war in Ukraine, by offering support to Spanish SMEs and Mid-caps under strain from the war and its economic effects.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 509 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with the applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with the applicable national and EU legislation, as appropriate.
Status
Signed - 15/12/2022
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).