EIB Group and BBVA Mobilise €1.3 Billion to Support Spanish Businesses and Sustainable Housing

From left to right: Karen Huertas, head of Securitisation South and West Europe at the EIF, Gemma Feliciani, director of Financial Institutions at the EIB and Ignacio Fernández Palomero, head of Capital and Active Balance Sheet Management at BBVA Group.

(IN BRIEF) The EIB Group has invested €714 million in two securitisation transactions with BBVA, enabling the bank to mobilise around €1.3 billion to support Spanish SMEs, entrepreneurs and sustainable housing projects. One transaction focuses on boosting business liquidity and investment, particularly in cohesion regions, while the other supports green mortgages for near-zero emission residential buildings. The operation strengthens EU capital markets, encourages private investor participation and aligns with the EIB Group’s priorities on climate action, competitiveness and sustainable housing.

(PRESS RELEASE) LUXEMBOURG, 15-Dec-2025 — /EuropaWire/ — The EIB Group, comprising the European Investment Bank and the European Investment Fund, has completed a €714 million investment through two securitisation transactions with BBVA, aimed at expanding access to finance for Spanish businesses and accelerating sustainable housing development. The operation is expected to enable BBVA to mobilise around €1.3 billion in new financing for small and medium-sized enterprises, mid-caps, entrepreneurs and green residential construction projects across Spain.

The first transaction centres on the securitisation of a consumer loan portfolio, designed to unlock approximately €1.1 billion in financing to support companies’ liquidity needs and investment plans. The funding is expected to benefit businesses operating primarily in cohesion regions, where income levels are below the EU average, while also supporting entrepreneurs launching new ventures or scaling early-stage projects. By improving access to long-term financing, the transaction aims to strengthen competitiveness and foster growth among Spain’s business community.

The second operation involves a synthetic securitisation of a mortgage loan portfolio, enabling BBVA to generate a portfolio of roughly €230 million in fully green mortgages. These loans will support individuals and property developers investing in energy efficiency upgrades and the construction of near-zero emission residential buildings. The initiative is intended to facilitate climate-related investments and promote more sustainable housing solutions in line with European decarbonisation objectives.

Through these transactions, the EIB Group is reinforcing its role in advancing innovative financial instruments that help mobilise private capital, reduce risk exposure for financial institutions and deepen EU capital markets. The structure of the securitisations combines public and private risk-sharing, encouraging broader investor participation while supporting priorities such as climate action, economic cohesion and sustainable housing across the European Union.

Overall, the collaboration with BBVA reflects the EIB Group’s commitment to using securitisation as a tool to channel financing toward strategic areas, including business competitiveness, energy efficiency and the development of near-zero emission housing, while contributing to the strengthening of the EU’s savings and investment union.

Background

About the EIB Group

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, it finances investments that pursue EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

Around half of EIB financing in the European Union goes to cohesion regions, where per capita income is below the EU average, while almost 60% of annual EIB Group investments support climate action and environmental sustainability.

In Spain, the EIB Group signed new financing worth €12.3 billion for over 100 high-impact projects in 2024, contributing to the country’s green and digital transition, economic growth, competitiveness and better services for its people.

High-quality, up-to-date photos of EIB headquarters for media use are available here.

About BBVA

BBVA is a global financial group that was founded in 1857. Operating in more than 25 countries, the group has a solid leading position in Spain, is the largest financial institution in Mexico, and has leading franchises in South America and Türkiye. It also operates a prominent investment banking, transactional services and capital markets business in the United States.

BBVA’s activities contribute to the progress and well-being of all its stakeholders, including shareholders, customers, employees, suppliers and society as a whole. It supports families, entrepreneurs and companies in their plans, and helps them to take advantage of the opportunities afforded by innovation and sustainability. BBVA offers its customers a unique technology and data-based value proposition, helping them to improve their financial health with personalised information for financial decision-making.

Press contacts

EIB Group

Maite Cordero | m.corderomunoz@eib.org | Tel.: +34 606 66 82 62

Website: www.eib.org/press | Press Office: +352 4379 21000 – press@eib.org

BBVA

Miguel Rodríguez | m.rodriguez.canfranc@bbva.com | Tel.: +34 699 337 924

SOURCE: European Investment Fund