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UBI GROUP LOAN FOR SMES&OTHER PRIOR

Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Italy : € 250,000,000
Credit lines : € 250,000,000
Signature date(s)
28/11/2012 : € 250,000,000

Summary sheet

Release date
26 September 2012
Status
Reference
Signed | 28/11/2012
20120236
Project name
Promoter - financial intermediary
UBI GROUP LOAN FOR SMES&OTHER PRIOR
Unione di Banche Italiane S.c.p.A. ("UBI") and its subsidiaries in co-debtorship with the parent (UBI).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250 million
Not applicable.
Location
Sector(s)
Description
Objectives

Financing of small and medium-sized projects carried out by small and medium sized enterprises as well as mid-caps.

Improving access to term finance at favourable conditions, this dedicated EIB loan will finance SME investments throughout Italy via term loans and leasing schemes in the industry, services and tourism, for at least 70% of the total amount. The balance could finance eligible projects under the knowledge economy, convergence, energy and environment objectives as well as midcaps.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Comments

N/A

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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