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Reference: 20100709
Release date: 16 May 2011

Promoter – Financial Intermediary

The EIB funds will be channelled to final beneficiaries by Intesa Sanpaolo S.p.A. (ISP) and by Banca Prossima S.p.A.

Location

Description

Credit Line to finance small and medium-sized projects in healthcare and education in the non-profit sector through Banca Prossima, the Bank of the Group dedicated to the tertiary sector and not-for-profit organisations. Part of the facility will be specifically earmarked (EUR 20 million) to support student loan schemes, managed by Intesa Sanpaolo through the bridge student loan project.

Objectives

Improving access to finance at favourable conditions.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 120 million

Total cost (Approximate amount)

Not applicable

Environmental aspects

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

Procurement

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

Status

Signed - 25/07/2011

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).

Related tags

Italy Credit lines