Release date: 15 June 2023
Promoter – Financial Intermediary
BANCA POPOLARE DELL'ALTO ADIGE SPALocation
Description
The credit line will support small and medium sized enterprises (SMEs), Midcaps and other private sector entities, such as residential homeowners and related associations, as well as the energy efficiency transition. A particular focus will be on green projects, including green mortgages.
Additionality and Impact
The project will bring positive externalities through reduced carbon emission, greater energy efficiency and improved energy security. The project supports the climate action objectives of the Bank.
Through this operation additional resources will be channelled to finance eligible investments promoted by SMEs and Midcaps: the additional lending capacity provided through the EIB's intervention will generate positive effects on investments, from the availability of long-term financing to overall lower financing costs.
At least 25% of the facility will be dedicated to Climate Action and Environmental Sustainability projects.
The facility addresses an important market failure that is SMEs' access to finance which, despite improvement in the recent years, still lags behind. This has become even more important in the context of the economic downturn caused by the War in Ukraine. Through this operation additional resources will be channelled to finance eligible investments promoted by SMEs and Midcaps: the additional lending capacity provided through the EIB's intervention will generate positive effects on investments from the availability of long term financing and of overall lower financing costs. The Climate action element of the operation addresses negative climate and environmental externalities, a market failure, through the reduction of carbon emissions and other air pollution. Therefore the financing contributes to Italy 2030 decarbonisation goals.
Objectives
The aim is to improve access to finance for Italian SMEs and Midcaps, as well as homeowner associations and individuals for the purchase of green residential and commercial buildings. The project will bring positive externalities, by reducing carbon emissions, improving energy efficiency and energy security. Additionally, it will support the EIB's climate action objectives. At least 25% of the facility will support Climate Action and Environmental Sustainability projects.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 150 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 - 23/11/2023
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).