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Reference: 20240530
Release date: 23 April 2025

Promoter – Financial Intermediary

INSTITUTO DE CREDITO OFICIAL

Location

Description

The operation consists of a lending line to ICO to support Spanish small and medium sized enterprises (SMEs) and mid-caps.

Objectives

The aim is to finance investments and working capital needs of the final beneficiaries. At least 10% of total financing will be dedicated to Climate Action.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 500 million

Total cost (Approximate amount)

not applicable

Environmental aspects

The operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Approved - 11/06/2025

Milestone
Under appraisal
Approved
11 June 2025

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