Release date: 3 June 2019
Promoter – Financial Intermediary
ICCREA BANCA SPA - ISTITUTO CENTRALE DEL CREDITO COOPERATIVOLocation
Description
The project consists of a dedicated loan to finance small and medium-sized investments through Italian cooperative banks belonging to the Iccrea cooperative banks' network. The EIB will invest up to EUR 250m into a senior tranche of a portfolio of granular exposures to support new lending and leasing schemes to small and medium-sized enterprises (SMEs) and mid-caps in Italy. At least 25% of EIB funds will be dedicated to the agriculture sector.
Objectives
This project will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps in Italy.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 2/12/2019
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).