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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Italy : € 50,000,000
Credit lines : € 50,000,000
Signature date(s)
9/11/2020 : € 50,000,000

Summary sheet

Release date
16 June 2020
Status
Reference
Signed | 09/11/2020
20200274
Project name
Promoter - financial intermediary
BANCA DEL MEZZOGIORNO COVID19 L4SMES & MIDCAPS
BANCA DEL MEZZOGIORNO - MEDIOCREDITO CENTRALE SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists in an EUR 50 m funding line under the EU Programme Loan Response to COVID-19 Crisis for SMEs and MidCaps.

The aim is to support working capital and liquidity needs of SMEs and midcaps affected by the current pandemic. The proposed loan is part of the EIB contribution, in cooperation with other EU Member States and the European Commission, in mitigating the negative economic impact for SMEs and midcaps affected by the COVID-19 outbreak.

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.

Related projects

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).

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