ANNOUNCEMENT 27 Dec 2017

In December 2017, the European Investment Bank (EIB) signed a credit line agreement with unidentified banks to support investments carried out by self-employed entrepreneurs and micro-enterprises in Spain.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, ICO LOAN FOR MICRO ENTERPRISES II: http://www.eib.org/en/projects/loan/loan/20170746
The European Investment Bank, Project summary, Project No. 20170746, ICO LOAN FOR MICRO ENTERPRISES II: http://www.eib.org/en/projects/pipelines/pipeline/20170746

Inception date: 27 Dec 2017 | Removal date: open ended
Still in force

State loan

The credit line agreement between the European Investment Bank (EIB) and a number of unidentified banks was signed on 27 December 2017 and has a total approved value of approximately EUR 700 million (approx. USD 833 million).

More specifically two loan agreements were signed under the credit line. The first loan agreement was signed on the same day having a total value of EUR 400 million. The second loan agreement was signed on 26 October 2018 having a total value of EUR 300 million. The credit line will, through financial intermediaries, support investments carried out by Spanish self-employed entrepreneurs and micro-enterprises. 

According to the EIB: "This operation (ed. the credit line) will improve competitiveness and access to finance at favourable conditions by self-employed entrepreneurs and micro-enterprises."

This is the second credit line dedicated to investments carried out by Spanish self-employed entrepreneurs and micro-enterprises. The first credit line was signed in December 2015, see related state act.

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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