Pla d’inversions per a Europa: el BEI i el Santander signen dos acords per donar suport a les PIME i finançar projectes d’energia renovable
The European Investment Bank (EIB) and Banco Santander have signed two agreements, under the guarantee of the Investment Plan for Europe, designed, on the one hand, to provide financing to Spanish SMEs and, on the other hand, to contribute to the development of investments In renewable energies.
The first agreement is a new EIB instrument to share credit risk between the two institutions. This financial instrument will enable Banco Santander to expand its lending capacity to finance new investments in Spanish SMEs, which will thus be able to benefit from the favorable financing conditions provided by the EIB, both in terms of repayment terms and interest rates .
Specifically, the EIB’s involvement in a loan portfolio of EUR 500 million will help Banco Santander to provide EUR 1 billion in financing for SME projects. The objective of this funding is to support the competitiveness of Spanish companies to boost economic growth and job creation.
Support for renewable energies and infrastructures
In addition, the EIB and Banco Santander have signed another joint venture agreement to help Banco Santander finance new renewable energy projects with an investment cost of at least 400 million euros. In addition, under this operation the EIB will take a stake in a loan portfolio of Banco de Santander for an amount of 200 million euros of projects in renewable energy and infrastructure.
The two agreements have been signed under the guarantee of the Investment Plan for Europe, which will enable the EIB, through Banco Santander, to provide Spanish SMEs and new projects with the necessary financing so that they can accelerate their investments in economic activities at That credit does not come easily.
