Release date: 13 October 2022
Promoter – Financial Intermediary
CAIXABANK SALocation
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)
- Credit lines - Credit lines
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