Rural Cooperative Bank Sector in Spain Global Loan III

Promoter – Financial Intermediary

BANCO COOPERATIVO ESPAÑOL SA

Location

• Spain

Description

Multi-purpose global loan to finance small and medium-sized private and public sector projects in industry, tourism and services promoted by SMEs as well as in infrastructure, environmental protection and improvement, energy, health, education, i2i and social housing in rural areas.

Objectives

The project will contribute to regional development by improving infrastructures in assisted areas and also by contributing to environmental protection, reduction in pollution as well as rational use of energy and diversification.

Comments

Industry, services, tourism, infrastructure, energy, environ- mental protection and improvement, health, education, housing, innovation and the development of the information society.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 135 million. The EIB funding would represent up to 50% of individual allocations.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

In accordance with the Bank’s global loans policy, final beneficiaries will be requested to comply with national legislation and EU directives as regards environmental protection.

Procurement

In accordance with the Bank’s global loan policy, final beneficiaries will be requested to comply with national legislation and EU tendering directives.

Status

Signed - 28/03/2007