Release date: 12 May 2020
Promoter – Financial Intermediary
BANCA IFIS SPALocation
Description
The project consists of an EUR 50 m funding line under the EU Programme Loan Response to COVID 19 Crisis for SMEs.
Objectives
This operation will contribute to mitigate the negative economic effects of the coronavirus COVID19 by financing projects carried out by SMEs.
Sector(s)
- Credit lines - Credit lines
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 - 9/07/2020
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).