Release date: 19 June 2020
Promoter – Financial Intermediary
UNIONE DI BANCHE ITALIANE SPALocation
Description
The project, which is part of the EIB response to the COVID-19 crisis, in cooperation with the EU Member States and the European Commission, consists in an EUR 100m funding line under the EU Programme Loan Response to COVID 19 Crisis for SMEs and midcaps.
Objectives
The operation aims at mitigating the negative economic impact for SMEs and midcaps affected by the pandemic outbreak, by supporting their working capital and liquidity needs.
Sector(s)
- Credit lines - Credit lines
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 - 5/08/2020
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).