SPAIN The CEB supports Banco Santander’s action in favour of SMEs

3 December 2013

MADRID - Banco Santander, S.A. and the Council of Europe Development Bank (CEB) today signed a Framework Loan Agreement worth EUR 100 million.

The CEB loan proceeds will be used by Banco Santander to provide financing for productive investment projects undertaken by its small and medium-sized business customers throughout the country.

In the current difficult context in Spain, this loan – representing the sixth co-operation framework between Banco Santander and the CEB – will enable Banco Santander to reinforce its capacity for action in favour of Spanish SMEs, thereby contributing to their ability to grow and, whenever possible, to create and/or preserve jobs.