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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Italy : € 200,000,000
Credit lines : € 200,000,000
Signature date(s)
25/10/2007 : € 80,000,000
28/06/2007 : € 120,000,000
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Summary sheet

Release date
20 April 2007
Status
Reference
Signed | 28/06/2007
20070092
Project name
Promoter - financial intermediary
MPS Group SME Credit Line XIII
Banca Monte dei Paschi di Siena S.p.A (hereinafter "MPS"), parent company of the fourth largest banking group in Italy with 1,884 branches and EUR 154.5 bn of total assets at end-September 2006.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 200 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Specialised credit line to finance, via leasing schemes or MLT lending, SME initiatives throughout Italy. A portion of the facility will be earmarked to investments located in convergence regions.

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 relevant 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.

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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.

Media enquiries

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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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