The agreement signed between the European Investment Bank and Bankinter promotes finance investment by small businesses and midcaps (companies with up to 3,000 employees) for €200 million agreement. This loan is being granted under the Bank’s policy of fostering the development of small and medium-sized companies.

The European Investment Bank (EIB) Vice-President Magdalena Álvarez Arza and Bankinter’s CEO, María Dolores Dancausa Treviño have signed in Madrid a €200 million agreement with Bankinter to finance investment by small businesses and midcaps (companies with up to 3,000 employees). The 70% of the funds made available by the EIB will be allocated to the investment projects of small and medium-sized businesses. The remainder – up to 30% – will go to midcaps. A substantial part of the loan amount is intended for projects in Spain’s convergence regions. Recently, S&P the EIB performance and also expects the Bank' loan performance to remain good in 2012.

According to the EIB, this loan is being granted under the Bank’s policy of fostering the development of small and medium-sized companies by providing resources on favourable terms (i.e. longer maturities, flexible disbursement conditions and lower interest rates). These enhanced terms are passed on to the final beneficiaries. Recientemente

Magdalena Álvarez has highlighted that the key role played by operations of this type in boosting the economy and stimulating growth and job creation, especially in the current economic and financial conditions. This new SME credit line follows on from previous EIB loans to Bankinter.