BBVA inks second guarantee for synthetic ABS

By Asad Ali
23 Apr 2018

BBVA secured a guarantee on Monday for a €2bn loan portfolio from the EIB Group, comprising the European Investment Bank and European Investment Fund. The aim is to encourage BBVA to boost lending to Spanish small and medium-sized enterprises.

BBVA and EIB first teamed up in June 2017 on a similar transaction, which allowed BBVA to increase lending to SMEs by €640m at favourable rates.

This transaction will fuel lending by a further €600m, according to an EIB press release. The guarantee takes the form of a ...

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