Release date: 27 November 2007
Promoter – Financial Intermediary
Credito Valtellinese SC, operating parent company of the Credito Valtellinese group, a mid-sized regional cooperative banking group, with 388 branches and operations concentrated mainly in Lombardy and Sicily.For on-lending directly or through the group's subsidiaries (Mediocreval SpA, Credito Artigiano SpA, Credito Siciliano SpA and Banca dell'Artigianato e dell'Industria SpA).
Location
Description
Line of credit to finance SME investments throughout Italy.
Objectives
For at least 70% of the facility amount, to support small and medium-sized investments contributing to the reinforcement of the productivity and competitiveness of SMEs. The balance could be utilised also to sustain other small and medium sized eligible projects according to EIB standard criteria.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Complying with EU and national legislation on environmental protection and right of on-site inspection.
Procurement
Complying with EC procurement procedures.
Status
Signed - 14/03/2008
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).