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Banche Popolari Italiane Loan for SMEs

Summary sheet

Release date
27 October 2008
Status
Reference
Signed | 09/01/2009
20080452
Project name
Promoter - financial intermediary
Banche Popolari Italiane Loan for SMEs

A number of small Italian cooperative banks including Banca di Cividale and Banca Etruria. The list is subject to changes and will be updated as soon as further intermediaries are included.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Line of credit to a number of small cooperative banks to finance eligible projects of SMEs in Italy.

The facility will be fully dedicated to investments by SMEs with a particular focus on those with staff of less than 50. Part of the EIB funds may be allocated in convergence regions of Community interest.

Environmental aspects
Procurement

The borrowers will be requested to ensure compliance of projects financed under the line of credit with applicable national and EU legislation.

The borrowers will be requested to ensure compliance of projects financed under the line of credit with applicable national and EU legislation.

Link to source
Summary sheet
Banche Popolari Italiane Loan for SMEs

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 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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