The European Investment Bank (EIB) and Banco Sabadell will provide EUR 800m to Spanish SMEs with the aim of supporting their investments and promoting the development of new projects, particularly in the services and industrial sectors. The EIB will grant a EUR 400m loan to Banco Sabadell, to which the Spanish bank will add an additional EUR 400m of its own.

Companies receiving funds provided under this agreement will benefit from the EIB's conditions – in terms of both maturities and interest rates – to finance their investment projects and working capital. Promoting SMEs’ access to credit is one of the EU bank's priority objectives in order to ensure the level of investment needed to make economic growth and job creation possible.