BANCA MARCH ENHANCED SUPPORT FOR MIDCAPS

Promoteur – Intermédiaire Financier

BANCA MARCH SA

Lieu

• Espagne

Description

The project consists of an EIB guarantee to create additional lending capacity for mid-cap financing in Spain.

Objectifs

The project consists of a funded risk participation scheme under a partial delegation approach by which the EIB will cover up to 50% of the losses in respect of each defaulted loan of a non-granular and pre-selected portfolio of corporate and mid-cap loans. The objective of the operation is releasing resources that will be used to promote small and medium-sized enterprises (SME) and mid-cap financing, thereby facilitating new lending to projects carried out by small companies, mainly in Spain but also in other EU countries. Consequently, the proposed transaction would promote medium and long-term lending for capital investment and would contribute to strengthen the productivity and competitiveness of SMEs and mid-caps. Some of the projects will foster investments in, among other sectors, knowledge economy, renewable energy and energy efficiency, protection of the environment and natural resource efficiency. A minimum of 70% of the new portfolio will be dedicated to SMEs, with mid-caps accounting for up to 30%.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 70 million

Coût total (montant approximatif)

EUR 140 million

Aspects environnementaux

In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require the Intermediary to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.

Passation des marchés

In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require the Intermediary to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.

Statut

Signé - 10/05/2019