EIB Group, BBVA sign €1.4bn SME financing deals

Region:

Europe

The European Investment Bank Group and BBVA have signed two agreements worth a total of €1.423 billion to support Spanish small and medium-sized enterprises and mid-caps hit by COVID-19.

The EIB will grant €450 million to BBVA, which will in turn add a further €450 million, bringing the financing made available to the SMEs and mid-caps in question to €900 million.

In addition, the EIB Group – via the European Investment Fund has provided BBVA with an €87 million guarantee for an SME loan portfolio via synthetic securitisation. This agreement will enable BBVA to expand its lending capacity and grant €523 million in extra financing.

View source

Shona Tatchell: EBRD's new head of trade facilitation on digitalisation and sustainability

Interview

07 May 2024

Shona Tatchell: EBRD's new head of trade facilitation on...

In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD)...

Financing last-mile connections in Africa

Perspective

17 May 2024

Financing last-mile connections in Africa

Low-income household energy projects in Africa are increasingly being financed via securitisation structures. The deals are relatively small, but the impact could prove as...

Must See

Video

14 March 2024

EDB’s cheatsheet for cross-border PPPs

Cross-border PPPs are complex and few in number - but potentially highly impactful. Evgeniy Vinokurov, chief economist at Eurasian Development Bank (EDB), discusses the findings from EDB’s 2023 report 'Cross-Border Public- Private Partnerships' and what makes for a successful cross-border PPP.

Interview

07 May 2024

Shona Tatchell: EBRD's new head of trade facilitation on digitalisation and sustainability

In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD) Trade Facilitation Programme (TFP), discusses her unusual journey to the role, and how she is well placed to help champion digitalisation and sustainability in trade.

Perspective

17 May 2024

Financing last-mile connections in Africa

Low-income household energy projects in Africa are increasingly being financed via securitisation structures. The deals are relatively small, but the impact could prove as significant as new large-scale generation projects.