via Mediocredito Italiano, Leasint e Banca Infrastrutture Innovazione e Sviluppo (BIIS):
- EUR 300m for industrial initiatives and new services;
- EUR 200m for renewables and the environment;
- EUR 180m for infrastructure projects.
The European Investment Bank (EIB) and the Intesa Sanpaolo Group today signed three new agreements to provide medium to long-term finance totalling EUR 680m for Italian small and medium-sized enterprises (SMEs) and other public and private promoters for projects in the energy, environmental and infrastructure sectors. The initiative reflects the close cooperation that exists between the EIB and Intesa Sanpaolo and is intended ultimately to strengthen the support offered to Italy’s productive sector in order to mitigate the effects of the financial crisis and help with the incipient recovery process. The signing ceremony, which took place this morning in Milan, was attended by Dario Scannapieco, EIB Vice-President responsible for operations in Italy, Malta and the western Balkans, and Corrado Passera, Managing Director and CEO of the Intesa Sanpaolo Group.
Within the EUR 680m ceiling three areas were identified for lending that will involve in particular a number of the Intesa Sanpaolo Group companies. In addition to the finance for small and medium-sized enterprises, for which Mediocredito Italiano and Leasint will be responsible, some of the loans will be intended for investment by small businesses in the renewable energy sector, and some for infrastructure projects relating to environmental protection, sustainable communities, energy, health and education, via Banca Infrastrutture Innovazione e Sviluppo (BIIS).
EUR 300m will go to support Italian SMEs, with the EIB funds being used to finance up to 100% of projects promoted by companies on particularly favourable terms, implementing the new initiatives adopted by the EIB to deal with the economic crisis. The loans will be intended for industrial initiatives and new services and be coordinated by Mediocredito Italiano – the Intesa Sanpaolo Group company specialising in medium and long-term finance for SMEs – and Leasint, the Group’s leasing company.
A further EUR 200m will also be provided via Mediocredito Italiano and Leasint to support projects carried out by Italian SMEs involving power generation from renewable sources.
EUR 180m has been earmarked for the programme – to which the EIB and Intesa Sanpaolo attach great importance – to support infrastructure schemes promoted by local authorities or other public or private sector bodies involving environmental protection and sustainable communities, including urban regeneration projects. Finance will also be made available via BIIS – the Intesa Sanpaolo Group bank established to serve all public and private sector bodies involved in carrying out major infrastructure projects and improving public utilities – for energy, health and education projects.
For information:
Intesa Sanpaolo
Media Office
Corporate & Investment Banking
+39.02.87963531
+39.02.87963010
stampa@intesasanpaolo.com