EIB backs Spanish SMEs and mid-cap projects with EUR 300 mln loan to Bankia

The EIB-Bankia credit line to be put in place thanks to this agreement will provide loans enabling companies to finance their investments on favourable conditions, in terms of both interest rates and maturities.

The European Investment Bank (EIB) will provide financing for SME and mid-cap projects with EUR 300m loan to Bankia. Under the agreement signed in Madrid, Bankia will match the loan with the same amount, meaning that a total of EUR 600m will be made available for financing Spanish businesses.

The EIB-Bankia credit line to be put in place thanks to this agreement will provide loans enabling companies to finance their investments on favourable conditions, in terms of both interest rates and maturities. The goal is to help Spanish SMEs and mid-caps (up to 3 000 employees) access long-term financing, with the aim of making them more competitive and creating jobs.

Support for SMEs in the agricultural sector

The EIB and Bankia have also signed another agreement set to provide EUR 200m to SMEs and mid-caps operating in the agricultural, agri-food, fisheries and livestock sector. EUR 100m EU bank loan will be accompanied by a further EUR 100m from Bankia and is part of the EIB programme loan for this kind of company.

This operation is the fourth of its kind undertaken by the EIB and Bankia since 2015. These previous agreements have enabled EUR 400m to be directed to financing more than 800 companies from different segments of the agricultural and agri-food sector, helping to preserve around 14 000 jobs.

The maximum project cost for accessing finance from either of these two EIB-Bankia credit lines will be EUR 25m for SMEs and EUR 50m for mid-caps, while the financing can cover the entire investment for projects of up to EUR 12.5m.