BBPM ENHANCED COVID-19 SME & MIDCAP SUPPORT II

Promoteur – Intermédiaire Financier

BANCO BPM SPA

Lieu

• Italie

Description

Guarantee to a mezzanine tranche on a Banco BPM granular portfolio in order to support new lending to small and medium-sized enterprises (SMEs) and mid-caps in Italy. This operation will also contribute to mitigating the effects of the COVID-19 pandemic as a large portion of the new SME portfolio (estimated at more than 60%) will originate in the severely affected regions of: Lombardy, Veneto and Emilia Romagna.

Objectifs

The operation aims at enhancing access to finance for the specific market segment. In detail, the transaction is an unfunded Asset Backed Securities mezzanine investment, a de-linked product aiming at relieving capital on existing loan portfolio which will be redeployed into new financing.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 77 million

Coût total (montant approximatif)

EUR 1190 million

Aspects environnementaux

The EIB will require that BBPM take all the required measures to ensure that final recipients (SMEs and mid-caps) meet the EIB's environmental standards and related EU/national legislation.

Passation des marchés

The EIB will require that BBPM take all the required measures to ensure that final recipients (SMEs and mid-caps) meet the EIB's procurement standards and related EU/national legislation.

Statut

Signé - 18/12/2020