Release date: 10 October 2008
Promoter – Financial Intermediary
Banco Popolare s.c., holding company of the Banco Popolare group, which has been created upon the merger of Banco Popolare di Verona e Novara and Banca Popolare Italiana. Banco Popolare is the third largest Italian banking group in terms of branch network and forth in terms of total assets.
Location
Description
Line of credit to finance eligible projects of SMEs in Italy.
Objectives
Financing of investments of small and medium enterprises in Italy for at least 70% of the facility amount. The balance could finance eligible projects under the convergence, knowledge-economy, energy and environment objectives.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The borrowers will be requested to ensure compliance of projects financed under the line of credit with applicable national and EU legislation.
Procurement
The borrowers will be requested to ensure compliance of projects financed under the line of credit with applicable national and EU legislation.
Status
Signed - 11/06/2009
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).