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    Reference: 20230881
    Release date: 5 July 2024

    Promoter – Financial Intermediary

    SANTANDER CONSUMER BANK AG

    Location

    Description

    By freeing up capital and decreasing the intermediary's credit risk, the operation will support the intermediary in providing additional loans to mid-caps in Germany and potentially in Austria operating in all EIB's eligible sectors.

    Objectives

    The aim is to enhance access to finance for the target beneficiaries and bring a positive impact on growth and employment. It is envisaged that part of the available financial resources will be dedicated to support green projects.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 560 million

    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

    Under appraisal

    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

    Germany Credit lines