Release date: 24 November 2023
Promoter – Financial Intermediary
CAIXABANK SALocation
Description
The project consists in a de-linked risk sharing guarantee, under a partial delegation approach, covering up to 50% of the credit risk of Caixabank's loan portfolios to small, medium sized enterprises (SMEs) and mid-caps in Spain.
Objectives
The aim is to promote and accelerate private sector investments, by enhancing access to finance for SMEs and mid-caps, a backbone for the Spanish economy in terms of growth and employment.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 450 million
Total cost (Approximate amount)
EUR 1260 million
Environmental aspects
In accordance with the EIB's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, Caixabank has to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final beneficiaries, will comply with the relevant EU legislation and the applicable national legislation, provided that these are in line with EU rules.
Procurement
In accordance with the EIB's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, Caixbank has to to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final beneficiaries, will comply with the relevant EU legislation and the applicable national legislation, provided that these are in line with EU rules.
Status
Approved - 6/02/2024
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).