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Reference: 20190604
Release date: 18 September 2019

Promoter – Financial Intermediary

BANCO BPM SPA

Location

Description

The project consists of a loan to BBPM to enhance access to finance at favourable conditions for SMEs and Midcaps operating in the field of agriculture and bioeconomy.

Objectives

This project will improve competitiveness and availability of finance for the target beneficiaries. At least 10% of total financing will be dedicated to young farmers and a 5% contribute to climate mitigation and adaptation.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 100 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 - 29/11/2019

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).

Related tags

Italy Credit lines