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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Italy : € 150,000,000
    Credit lines : € 150,000,000
    Signature date(s)
    11/12/2007 : € 30,000,000
    12/12/2006 : € 120,000,000

    Summary sheet

    Release date
    23 October 2006
    Status
    Reference
    Signed | 12/12/2006
    20060228
    Project name
    Promoter - financial intermediary
    BPU BANCA SME Global Loan VI

    Banche Popolari Unite - BPU Banca Scpa, parent company of the largest co-operative banking group in Italy with 1,184 branches and EUR 68.9bn of total assets at end 2005.

    For on-lending directly or through the group's subsidiaries (BPU Esaleasing S.p.A., Centrobanca S.p.A., Banca Popolare di Bergamo S.p.A., Banca Popolare di Ancona S.p.A., Carime S.p.A.).

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 150 million.
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Global loan to finance throughout Italy, via leasing schemes or MLT lending, SME initiatives and other small and medium-sized projects in the sector of energy, environment and infrastructure, including human capital.

    To sustain small and medium-sized projects contributing to the reinforcement of the productivity and competitiveness of smaller SMEs as well as other investments compliant with the EIB’s eligibility criteria.

    Environmental aspects
    Procurement

    Complying with EU and national legislation on environmental protection and right of on-site inspection.

    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.

    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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    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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