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CREDITO VALTELLINESE PG

Signature(s)

Amount
€ 70,000,000
Countries
Sector(s)
Italy : € 70,000,000
Credit lines : € 70,000,000
Signature date(s)
16/11/2005 : € 70,000,000
Link to source
Data sheet
CREDITO VALTELLINESE PG
Other links
Summary sheet
Credito Valtellinese Global Loan

Summary sheet

Release date
20 July 2005
Status
Reference
Signed | 16/11/2005
20050255
Project name
Promoter - financial intermediary
Credito Valtellinese Global Loan

Credito Valtellinese Scarl is a medium-sized cooperative bank based in northern Lombardy and parent company of the Gruppo Bancario Credito Valtellinese with some 330 branches throughout the country and a significant presence in Sicily.

Contact: Dott. Filippo Grieco

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 70 million.
EIB finance will cover up to 50% of total project cost for each allocation.
Location
Sector(s)
Description
Objectives

Global loan for the financing of investments promoted by SMEs (with up to 250 employees) in industry, services and tourism, as well as of public and private initiatives in energy, environment and infrastructures.

At least 70% will be utilised in favour of SMEs.

To sustain mainly projects aiming to reinforce the productivity and competitiveness of SMEs as well as other investments compliant with the EU eligibility criteria.

Environmental aspects
Procurement

Complying with EU and national legislation on environmental protection.

Complying 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.

Link to source
Summary sheet
Credito Valtellinese Global Loan
Other links
Data sheet
CREDITO VALTELLINESE PG

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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