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Reference: 20200274
Release date: 16 June 2020

Promoter – Financial Intermediary

BANCA DEL MEZZOGIORNO - MEDIOCREDITO CENTRALE SPA

Location

Description

The project consists in an EUR 50 m funding line under the EU Programme Loan Response to COVID-19 Crisis for SMEs and MidCaps.

Objectives

The aim is to support working capital and liquidity needs of SMEs and midcaps affected by the current pandemic. The proposed loan is part of the EIB contribution, in cooperation with other EU Member States and the European Commission, in mitigating the negative economic impact for SMEs and midcaps affected by the COVID-19 outbreak.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 50 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 - 9/11/2020

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