Project Notice |
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| PNR | 69222 |
| Project Name | CETELEM ENHANCED ABS FOR CLIMATE ACTION |
| Project Detail | The operation - under the EU PROGRAMME LOAN FOR ABS OPERATIONS (2022-0538) - consists of a synthetic securitisation of a consumer loan portfolio for Cetelem (BNPs consumer bank in Spain) to finance Climate action projects carried out by small and medium sized enterprises (SMEs) as well as private individuals in Spain. Objectives The aim is to originate a new portfolio of Climate Action and Environmental Sustainability loans to individuals and households to renovate their residential properties, carry out small scale renewable energy project and purchase equipment for residential energy efficiency in Spain. Sector(s) Industry - Construction Proposed EIB finance (Approximate amount) EUR 110 million Total cost (Approximate amount) EUR 231 million |
| Funded By | European Investment Bank (EIB) |
| Sector | Industry |
| Country | Spain , Southern Europe |
| Project Value | EUR 231,000,000 |
Contact Information |
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| Company Name | BANCO CETELEM SAU |
| Web Site | https://www.eib.org/en/projects/pipelines/all/20230971 |
