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    Reference: 20220579
    Release date: 13 October 2022

    Promoter – Financial Intermediary

    CAIXABANK SA

    Location

    Description

    The project consists of a loan to Caixabank to increase total lending to small and medium-sized enterprises (SMEs) and MidCaps in Spain.

    Additionality and Impact

    The operation will support Access to Finance for SMEs & Midcaps by creating additional lending capacity for financial intermediaries. In addition, the operation will allow for a quick deployment of EIB funds to Final Beneficiaries in a operation Loan could also target other EIB high priority areas such as Climate and support key EU policies such as REPowerE

    Objectives

    The operation aims to enhance access to finance to the target beneficiaries. It will also help ease the severe economic and social impact of the war in Ukraine, by offering support to the mostly affected Spanish SMEs and Midcaps.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 500 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 - 3/01/2023

    Milestone
    Under appraisal
    Approved
    Signed
    24 November 2022
    3 January 2023

    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 Credit lines