News
20 January 2020

EIB and BBVA provide €600m to support Spanish SMEs

Region:
Europe

The European Investment Bank (EIB) and Spain's BBVA are joining forces to provide financing on favourable terms for SMEs and mid-caps in the country.

EU bank Vice-President Emma Navarro and BBVA CEO Onur Genç signed an agreement enabling the Spanish bank to provide €600 million to support the investments of small and medium-sized enterprises. With this agreement, BBVA will be able to offer them favourable financing in terms of both maturity and interest rates.

The EIB has granted a €300 million guarantee to BBVA via a risk-sharing - portfolio guarantee - operation. It represents the first risk-sharing operation to be signed by the EIB and BBVA. The EIB is granting EUR 150m of this guarantee under the Investment Plan for Europe.

You might also like


Perspective
14 September 2026

The next frontier for onshore wind in the Balkans

DFIs have been crucial in closing onshore wind financings in the Western Balkans, though structures are evolving to make deals bankable on a purely commercial basis. But the...

Perspective
17 September 2026

Public or private lending for Canada's investment agenda?

Canada wants to take bold action to increase domestic infrastructure investment. With Canada’s banks more interested in the US market, will the CIB need to do the heavy...