First operation under Pan-European Guarantee Fund (EGF): EIB and Banca March support Spanish companies affected by the COVID-19 crisis
The EIB Group will provide a total of €270 million to Banca March via three agreements, to mobilise over €600 million for Spanish companies.
- First operation under the EGF: EIB guarantee of up to €100 million to Banca March to mobilise €267 million.
- EIB guarantee of €70 million, under EFSI, through which Banca March will generate €140 million of financing.
- EIB financing of €100 million for Banca March, to be complemented by the Spanish entity with an additional €100 million to finance SMEs and mid-caps.