Release date: 25 May 2005
Promoter – Financial Intermediary
Banca Popolare dell'Emilia Romagna Scarl is one of the largest co-operative banking groups in Italy. Based in Emilia-Romagna where it holds leading market shares in both funding and lending activities, BPER has carried out over the last ten years a significant external expansion through acquisition of a number of smaller banks particularly in the South of Italy.
Contact: Dott. Antonio Scagliarini
Via Aristotele, 195
I-41100 Modena
Location
Description
Global loan facility for the financing of SME investments (firms with less than 250 employees) in industry, services and tourism as well as small and medium sized human capital projects throughout Italy.
At least 70% will be utilised in favour of SMEs.
Objectives
To sustain mainly projects aiming to reinforce the productivity and competitiveness of SMEs as well as other investments that meet the EIB’s eligibility criteria.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million.
Total cost (Approximate amount)
EIB finance will cover up to 50% of total project cost for each allocation.
Environmental aspects
Complying with EU and national legislation on environmental protection and right of on-site inspection.
Procurement
Complying with EU procurement procedures. For large investments the Bank recommends that international bidding procedures be followed whenever possible, even if EU directives do not apply.
Status
Signed - 30/09/2005
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).