Reference:
20200136
Release date: 9 December 2020
Release date: 9 December 2020
Promoter – Financial Intermediary
BANCO BILBAO VIZCAYA ARGENTARIA SALocation
Description
De-linked risk sharing guarantee, under EFSI, aimed at providing new lending to small and medium-sized enterprises (SMEs) and mid-caps affected by the COVID-19 pandemic in Spain. The guarantee facility will be used to cover up to 50% of the credit risk associated with a Spanish bank's corporate and mid-cap loan portfolios.
Objectives
Guarantee under EFSI aimed at providing new lending to SMEs and mid-caps affected by the COVID-19 pandemic in Spain. The guarantee facility will be used to cover up to 50% of the credit risk associated with a Spanish bank's corporate and mid-cap loan portfolios.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 329 million
Total cost (Approximate amount)
EUR 660 million
Environmental aspects
N/A
Procurement
N/A
Status
Signed - 22/12/2020