EIB and Banca March join forces to finance Spanish SMEs and mid-caps

EIB and Banca March join forces to finance Spanish SMEs and mid-caps


Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
+

The EIB has provided Banca March with a EUR 70m Investment Plan for Europe guarantee to support mid-caps and EUR 100m in financing for small and medium-sized enterprises.
EIB Vice-President Emma Navarro and Banca March CEO José Luis Acea signed two agreements today in Madrid enabling the Spanish company to provide up to EUR 340m in financing to support the investments of small and medium-sized enterprises.
“Spain has made excellent use of the EU guarantee, which is expected to benefit around 130 000 SMEs and mid-caps. This latest agreement between the EIB and Banca March will enable many more Spanish companies to expand their activities, create jobs and support their local economies.”, said Jyrki Katainen, European Commission Vice-President for Jobs, Growth, Investment and Competitiveness.
“These agreements with the EIB enable us to move forward with our firm commitment to bring the best and most appropriate financing options to companies via a specialist family-run bank.”, said Banca March CEO, José Luis Acea.

Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
+