Release date: 23 March 2010
Promoter – Financial Intermediary
Banco Pastor, S.A.
Location
Description
Dedicated loan for the financing of SMEs and small and medium sized investments promoted by local authorities. It is foreseen that around 30% of the total loan amount will be allocated to projects in convergence regions.
Objectives
The loan is expected to support projects undertaken by SMEs operating in different sectors of industry and services, but also in those falling under the scope of the Bank’s knowledge economy initiative. It will also support projects carried out by local authorities in convergence regions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.
Status
Signed - 9/09/2010