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GR BANCARIO COOPERATIVO ICCREA LOAN FOR SMES II

Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Italy : € 200,000,000
Credit lines : € 200,000,000
Signature date(s)
2/12/2019 : € 200,000,000

Summary sheet

Release date
3 June 2019
Status
Reference
Signed | 02/12/2019
20190057
Project name
Promoter - financial intermediary
GR BANCARIO COOPERATIVO ICCREA LOAN FOR SMES II
ICCREA BANCA SPA - ISTITUTO CENTRALE DEL CREDITO COOPERATIVO
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists of a dedicated loan to finance small and medium-sized investments through Italian cooperative banks belonging to the Iccrea cooperative banks' network. The EIB will invest up to EUR 250m into a senior tranche of a portfolio of granular exposures to support new lending and leasing schemes to small and medium-sized enterprises (SMEs) and mid-caps in Italy. At least 25% of EIB funds will be dedicated to the agriculture sector.

This project will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps in Italy.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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