Spain: EIB Group and Banco Sabadell provide €576 million to finance SMEs and mid-caps

The EIB Group is joining forces with Banco Sabadell to support small and medium-sized enterprises (SMEs) – the businesses most affected by the economic impact of COVID-19. With this goal in mind, the EIB Group – via the EIF, its subsidiary specialising in venture capital for SMEs – has granted Banco Sabadell a €96 million guarantee for a loan securitisation portfolio, which will enable the Spanish bank to increase its lending capacity to offer €576 million in financing for the projects of Spanish companies, primarily the self-employed, SMEs and mid-caps.

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