European Investment Bank Invests €569.5 Million in New Securitisation Operation with Santander

Strategic Insights -

The European Investment Bank (EIB) and the European Investment Fund (EIF) have signed a new €569.5 million securitisation operation with Santander to support the competitiveness and investments of small businesses and mid-caps in Spain. This operation will enable Santander to direct around €1.08 billion to financing the green transition and the competitiveness of small and medium-sized enterprises (SMEs) and mid-caps in Spain. The EIB will contribute €309.5 million to the operation, while the EIF will provide €260 million, with €200 million of the EIF's total provided via a bilateral guarantee with ING.

Key Takeaways:

  • €569.5 million will be invested in a new securitisation operation with Santander to support small businesses and mid-caps in Spain.
  • €200 million will be allocated to financing the construction of near-zero emission buildings by small businesses and mid-caps in the real estate sector.
  • €70 million will be directed to supporting companies whose shareholders or management teams are mostly women.
  • The operation will promote the competitiveness of Spanish companies and contribute to the EIB Group's strategic priority of strengthening the EU capital markets.
  • The EIB Group has signed €12.3 billion of new financing for over 100 high-impact projects in Spain in 2024, helping power the country's green and digital transition and promote economic growth, competitiveness, and better services for its people.
  • The operation will also contribute to other EIB Group strategic priorities, including climate action and environmental sustainability and social and territorial cohesion.
  • Santander aims to be the best open financial services platform, providing services to individuals, small and medium-sized businesses, corporates, financial institutions, and governments.

Statistics:

  • €1.08 billion will be directed to financing the green transition and the competitiveness of SMEs and mid-caps in Spain.
  • €200 million will be allocated to financing the construction of near-zero emission buildings.
  • €70 million will be directed to supporting companies with mostly women shareholders or management teams.
  • €12.3 billion of new financing was signed by the EIB Group for high-impact projects in Spain in 2024.
  • €100 billion of new financing was signed by the EIB Group globally in 2024.
  • 178 million customers are served by Banco Santander globally, with 7,400 branches and 201,000 employees.

Sources:

  • European Investment Bank
  • European Investment Fund
  • Banco Santander (SAN SM)