Bankinter (2020)

Adoption Date: 12 Dec 2016
Country of Headquarters: Spain
Region of Headquarters: Europe
Current EPFI Reporting Year/Period: 2020
Institutional Reporting: Link to Report

 

Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the Equator Principles Association website.

Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.

Project Finance Advisory Services

Total number mandated in the reporting period: 16

Sector
Mining
Infrastructure
Oil & Gas
Power 16
Others
Sub-Total 16
Region
Americas
Europe, Middle East & Africa 16
Asia Pacific
Sub-Total 16

Project Finance Transactions

Total number that reached Financial Close in the reporting period: 16

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure
Oil & Gas
Power 14 2
Others
Region
Americas
Europe, Middle East & Africa 14 2
Asia Pacific
Country Designation
Designated Country4
Non Designated Country 14 2
Independent Review
Yes 14 2
No
Totals 14 2
1

Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.

2

Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.

3

Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.

4

Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment. See list of Designated Countries.

Project-related Refinance & Project-related Acquisition For Project Finance

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)

No. Project Name Sector Country(s) Year of Financial Close
1 Encavis Power Spain 2020
2 Grenalia - Eolo Power Spain 2020
3 Abraxa - Tamarindo Power Spain 2020
4 Q-Energy Power Spain 2020
5 ZeroE Power Spain 2020
6 Kobus - Uguarita Power Spain 2020
7 Abraxa - Fusitaña Power Spain 2020
8 LA CABRERA - ENCAVIS Power Spain 2020
9 RPI - CITANIA Power Spain 2020
10 SAETA YIELD - (BROOKFIELD) Power Spain 2020
11 MONEGROS - CIP Power Spain 2020
12 REDEN - AURA Power Spain 2020
13 AVANZALIA Power Spain 2020
14 RENOVALIA PUERTOLLANO Power Spain 2020
15 WINDCORP Power Spain 2020
16 FINERGE (LUCIA) Power Spain 2020

Project-Related Corporate Loans

Total number that reached Financial Close in the reporting period: 0

Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Implementation of the Equator Principles

Bankinter has defined Investment Sustainability Principles, as part of its Risk Management and Control Framework. It has established financial guidelines for industries with potentially greater impact on the environment that allow it to develop measures and references that the Bank must follow in its decision-making process, considering the best practices and international standards.

In line with this strategy, the Bank has adhered to the Equator Principles (2016), a leading international initiative for responsible investment in the financial sector with the objective of evaluating and managing the environmental and social risks of the projects to be financed. In 2020, 16 projects to which these principles apply were financed (16 in 2019), all in Spain and Portugal, and all involving the renewable energy sector. Of these, 14 were graded B (13 in 2019) and 2 were graded C (2 in 2019). Investment amounted to 340.5 million euros (261.6 million euros in 2019).

Information provided here (page 101) and here.

Equator Principles Reviewers: Bankinter Investment Banking staff and managers / directors

Equator Principles are considered in Bankinter since Dec 2016. Moreover, Bankinter have integrated them in its credit and risk principles and in its Green Bond Framework.