ANNOUNCEMENT 25 Jun 2020

In June 2020, the European Investment Bank (EIB) and Ibercaja signed a EUR 50 million (approx. USD 56.1 million) loan to support Spanish SMEs and mid-caps in the agro-food sector.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

European Investment Bank. Financed projects. IBERCAJA AGRIFOOD MBIL SMES & MIDCAPS. 25/06/2020. Available at: https://www.eib.org/en/projects/loans/all/20190846

European Investment Bank. Projects to be financed. IBERCAJA AGRIFOOD MBIL SMES & MIDCAPS. 29/06/2020. Available at: https://www.eib.org/en/projects/pipelines/all/20190846

Ibercaja. QuiƩnes somos. Available at: https://www.ibercaja.com/sobre-ibercaja-banco/quienes-somos

Inception date: 25 Jun 2020 | Removal date: open ended

State loan

On 25 June 2020, the European Investment Bank (EIB) and Ibercaja signed a EUR 50 million (approx. USD 56.1 million) multiple-beneficiary intermediated loan (MBIL) to support self-employed people, SMEs and mid-caps active in the agri-food sector on Spain. 

The project aims to improve the competitiveness and access to finance at favourable conditions of the targeted beneficiaries. Beneficiaries need to be undertakings active in the agri-food sector and will be requested to comply with EU legislation regarding undertaking size.

Ibercaja is a Spanish group that provides financial products and services to its 3 million clients, among individual people, self-employed, institutions, SMEs and others. It accounts with 1 200 offices in Spain and a total of 5 500 employees.

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 PRODUCTS

 
N/A