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    Signature(s)

    Amount
    € 220,000,000
    Countries
    Sector(s)
    Italy : € 220,000,000
    Credit lines : € 220,000,000
    Signature date(s)
    25/07/2006 : € 220,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    21 September 2005
    Status
    Reference
    Signed | 25/07/2006
    20030072
    Project name
    Promoter - financial intermediary
    Veneto Banca Global Loan

    Name: Dott. Fabrizio Tofanelli
    Veneto Banca S.c.a.r.l.

    Contact: ph: 0423.283207

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 220 million, of which a maximum amount of EUR 20 million will be channeled to SMEs in Romania through Banca Italo-Romeno, a Veneto Banca subsidiary.
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Multipurpose global loan facility to finance projects of SMEs in industry, services and tourism; public and private promoters with respect to small and medium-sized projects in environment, energy and eligible infrastructure (including health, education and social housing) located mainly in Italy, and for a part, in Romania.

    A portion of the facility would be destined to operations in Romania through the group's Italian-based subsidiary Banca Italo-Romena S.p.A., specialized in the support of direct investments by SMEs in Romania.

    To sustain projects aiming to increase the productivity and competitiveness of small and medium-sized enterprises; to promote investments leading to a more rational use of energy and environmental protection; to promote small and medium-sized infrastructure investments of regional or Community interest.

    Environmental aspects
    Procurement

    Complying with EU and national legislation on environmental protection.

    Projects presented under the loan to comply with EU procurement procedures. For large investments the Bank recommends that international bidding procedures be followed whenever possible, even if EU directives do not apply.

    Comments

    Cf. project description above.

    Link to source

    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).

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