Luxembourg, 4 November 2013
EIB and Santander sign three agreements to facilitate access to credit for SMEs and young people and to finance infrastructure investment
The European Investment Bank (EIB) and Banco Santander, represented respectively by Vice-President Magdalena Álvarez and CEO Emilio Botín, signed this morning in Madrid three finance contracts totalling EUR 528 million, designed to launch a series of investments aimed at fostering growth and employment.
The EIB Vice-President stressed that “the operations we are signing this morning are further proof of the EIB’s firm commitment to supporting Spain’s economy. These three loans will especially facilitate the financing of a broad range of sectors that are vital to laying the foundations of economic recovery and giving a much-needed boost to job creation”.
She went to express her “particular satisfaction at this first EIB operation designed to give students and young entrepreneurs access to credit, as it provides a solution tailored to the needs of the Spanish economy including creating jobs for young people”.
The following loans were signed this morning:
The operations signed today form part of the EIB’s strategy of fostering sustainable and high quality economic growth that results in job creation.
With today’s agreements, the EIB has provided loans totalling EUR 7.179 billion in Spain in 2013.
About the EIB
The European Investment Bank is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.
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