First operation under Pan-European Guarantee Fund (EGF): EIB and Banca March support Spanish companies affected by the COVID-19 crisis ...Middle East

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First operation under Pan-European Guarantee Fund (EGF): EIB and Banca March support Spanish companies affected by the COVID-19 crisis
source : european union ( Middle East ) () 18
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.

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