📋 Tender Overview
Reference: 20230971
Release date: 25 March 2025
Promoter – Financial Intermediary
BANCO CETELEM OR
Location
Spain
Description
The operation - under the EU PROGRAMME LOAN FOR ABS OPERATIONS (2022-0538) - consists of a synthetic securitisation of a consumer loan portfolio for Cetelem (BNP's consumer bank in Spain) to finance Climate action projects carried out by small and medium sized enterprises (SMEs) as well as private individuals in Spain.
Objectives
The aim is to originate a new portfolio of Climate Action and Environmental Sustainability loans to individuals and households to renovate their residential properties, carry out small scale renewable energy project and purchase equipment for residential energy efficiency in Spain.
Sector(s)
Industry - Construction
Proposed EIB finance (Approximate amount)
EUR 110 million
Total cost (Approximate amount)
EUR 231 million
Environmental aspects
The proposed 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
Under appraisal
