📋 Tender Overview
Reference: 20250024
Release date: 26 February 2025
Promoter – Financial Intermediary
BANK OF SABADELL S.A.
Location
Spain
Description
The operation is structured as multiple beneficiary intermediated loan (MBIL) to support projects carried out by small and medium-sized enterprises (SMEs) and mid-caps in Spain. At least 70% of the loan will be allocated to SMEs investments. In addition, this operation will ensure the deployment to the economy of a sizeable component of around 20% of the overall amount in climate action projects.
Objectives
The aim is to enhance access to finance to the final beneficiaries, with a partial dedication to Climate Action projects.
Sector(s)
Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 415 million
Total cost (Approximate amount)
not applicable
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. 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 - 28/01/2025
