![]() ![]() The operation will thus promote equitable growth and convergence between EU regions, which is one of the key aims of the EIB’s lending activities.Īs part of the transaction, the European Investment Bank (EIB) makes an investment commitment of €430 million while €30 million are committed by the European Investment Fund (EIF). Proceeds will be also channelled into green projects.Ī large proportion of the final beneficiaries of this agreement for SMEs will be based in cohesion regions - where per capita gross domestic product is below the EU average and where it is particularly difficult to access financing. The EIB Group (European Investment Bank and European Investment Fund) and the Instituto de Crédito Oficial (ICO) have invested in senior and mezzanine tranches of asset-backed securities (ABS) issued by BBVA to support working capital and liquidity needs, and address the investment constraints of Spanish small and medium-sized enterprises (SMEs) and mid-caps. Instituto de Crédito Oficial (ICO) is investing €100 million facilitating access to finance for small and medium-sized enterprises and self-employed in Spain. ![]() An additional €60 million investment from the EIB Group will be channelled into energy efficiency projects like the construction of nearly zero-emissions buildings.Approximately €400 million of the proceeds will be used to finance loans in cohesion regions.The EIB Group has participated in an asset-backed securities issuance by BBVA for a total amount of around €460 million. ![]()
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