The EIB Group, through the European Investment Bank (EIB) and the European Investment Fund (EIF), has invested a total of €714 million in two BBVA securitisation transactions in Spain. This investment is expected to mobilize approximately €1.3 billion to support small and medium-sized enterprises (SMEs), mid-cap companies, entrepreneurs, and sustainable housing construction. A portion of €230 million will specifically finance near-zero emission residential buildings, promoting environmentally friendly housing projects. The initiative strengthens the competitiveness of Spanish companies and aligns with the EIB Group’s strategic priorities of sustainable housing and more resilient EU capital markets.
The first transaction involves the securitisation of a consumer loan portfolio, designed to facilitate around €1.1 billion in financing for SMEs and entrepreneurs, particularly in regions with per capita income below the EU average. This financing will support liquidity needs, investment projects, and early-stage business development. The second transaction is a synthetic securitisation of a mortgage loan portfolio, creating a €230 million portfolio of 100% green mortgages to fund energy-efficient construction and renovation projects, improving access to finance for climate-friendly initiatives.
Representatives from the EIB and EIF emphasized that the agreements demonstrate their commitment to supporting the green transition, business competitiveness, and the growth of Spanish SMEs. By channeling public and private investment into sustainable housing and entrepreneurial ventures, these securitisation operations encourage collaboration between investors, reduce financial risks, and strengthen the EU capital markets union.
The transactions also include structured risk-sharing arrangements. In the consumer loan securitisation, the EIB invested €400 million and the EIF provided a €200 million bilateral guarantee. In the synthetic mortgage securitisation, the EIF covered €115 million of upper mezzanine tranche losses, partially counter-guaranteed by the EIB. This structure encourages private investor participation while promoting market integration and advancing the EU savings and investment union.
Overall, the partnerships with BBVA reinforce the EIB Group’s role in mobilizing capital to support sustainable development, climate action, and economic growth in Spain. The investments improve access to finance for SMEs, foster entrepreneurship, support energy-efficient housing construction, and contribute to long-term competitiveness and environmental sustainability, while also benefiting regions with lower income levels.
The EIB Group and BBVA together highlight the strategic importance of blending public and private financing to advance sustainability, innovation, and economic resilience across Spain and the wider EU.
