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The European Investment Bank (EIB) and Banca March are joining forces to provide financing on favourable terms for Spanish SMEs and mid-caps. EIB Vice-President Emma Navarro and Banca March CEO José Luis Acea signed two agreements in Madrid

enabling the Spanish company to provide up to EUR 340m in financing to support the investments of small and medium-sized enterprises.

Firstly, the EIB has granted a EUR 70m guarantee to Banca March on a portfolio of pre-existing loans to mid-caps. This guarantee will enable Banca March to build up a new loan portfolio of up to EUR 140m. The agreement was made possible by the support of the Investment Plan for Europe, known as the “Juncker Plan”. This means that Banca March now has more resources to foster investment among mid-caps, especially investment focusing on innovation and projects promoting climate action. 

Secondly, the EU bank has provided Banca March with EUR 100m of financing – to which it will add a further EUR 100m of its own funds – for expanding SMEs’ financing capacities. The two agreements signed will enable SMEs and mid-caps to access EUR 340m on favourable conditions, in terms of both maturities and interest rates.