According to the Bank’s website, the operation is a de-linked risk sharing guarantee covering up to 50% of the credit risk associated with Spanish/Luxembourg private credit fund loans to increase lending capacity to small and medium sized enterprises (SMEs) and mid-caps in Spain and Portugal.

The aim is to promote and accelerate private sector investments as well as enhance access to finance for small and medium sized enterprises (SMEs) and mid-caps, a backbone in terms of growth and employment for the Spanish and Portuguese economy.

Approximately 55% of loans will also support SMEs that operate in regions with a higher unemployment rate than the national average (i.e. cohesion/convergence regions).

A de-linked risk sharing guarantee covering up to 50% of the credit risk associated with Spanish/Luxembourg private credit fund loans.

Beka Credit is Beka Finance’s private debt fund management platform specializing in providing alternative financing solutions to SMEs and medium-sized companies. Their objective is to contribute to the growth of companies with tailor-made structured financing, complementing the offer of financial institutions.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces