The European Investment Bank (EIB) has signed an EUR300 million loan agreement with Spain's CaixaBank to finance small and medium-scale investment projects promoted by SMEs (with fewer than 250 employees) and midcaps (companies with up to 3,000 employees), along with their working capital needs.
CaixaBank is matching this EIB loan with the same amount. This means that a total of EUR600 million will be made available for financing such projects, an EIB press release said on Thursday.
The loan will mainly serve to finance investment in the industrial and service sectors. Projects eligible for financing will mostly be located in Spain and around 40 percent of the loan amount is destined for projects in convergence regions.
The loan was granted under EIB's policy of supporting the economic development of SMEs and midcaps by providing credit on preferential terms including longer maturities, flexible disbursement schedules and lower interest rates. These improved terms will be passed on to the end borrowers.
"Supporting SMEs to foster growth and employment in the EU is an EIB priority. In 2012, the Bank provided EUR2,680 million worth of new credit lines to finance 24,280 investment projects mounted by small businesses in Spain alone," the EIB said in the press release.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.