Release date: 9 February 2023
Promoter – Financial Intermediary
UNICREDIT LEASING SPA,UNICREDIT SPALocation
Description
The operation will enable to finance projects carried out by sustainable small and medium sized enterprises (SMEs) and/or Midcaps in Italy.
Additionality and Impact
The operation will provide funding to the promoter, UniCredit S.p.A. ("UC"), with the aim of generating additional lending to Italian SMEs and MidCaps (50%), which is still at suboptimal level.
The operation foresees that at least 30% of the loans will be dedicated to Climate Action projects: it is envisaged that the 50% MidCap share will facilitate the deployment of larger CA projects which wouldn't be implemented by SMEs. The funding will reach both existing and new customers of UC.
Objectives
The aim is to enhance access to finance for SMEs and MidCaps. At least 30% of the total loan amount dedicated to Climate Action projects.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 700 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 - 21/11/2022
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).