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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Italy : € 100,000,000
    Credit lines : € 100,000,000
    Signature date(s)
    18/12/2018 : € 100,000,000
    Link to source

    Summary sheet

    Release date
    24 July 2018
    Status
    Reference
    Signed | 18/12/2018
    20180440
    Project name
    Promoter - financial intermediary
    BNL ENHANCED SME AND MIDCAP SUPPORT
    BANCA NAZIONALE DEL LAVORO SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 700 million
    Location
    Sector(s)
    Description
    Objectives

    Guarantee to a mezzanine tranche on a Banca Nazionale Del Lavoro (BNL) granular portfolio in order to support new lending to SMEs and Midcaps in Italy.

    The transaction, an unfunded Asset Backed Securities mezzanine investment, is a de-linked product aiming at relieving capital on existing loan portfolio which will be redeployed into new financing of SMEs and Mid-Caps.

    Environmental aspects
    Procurement

    In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require such intermediary institution to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final recipients under the New Portfolio will comply with the relevant EU environment and procurement legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require such intermediary institution to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final recipients under the New Portfolio will comply with the relevant EU environment and procurement legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    Link to source
    Other links

    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).

    scoreboard - BNL ENHANCED SME AND MIDCAP SUPPORT
    Publication Date
    16 Nov 2018
    Document Language
    English
    Main Topic
    lending
    Document Number
    87176649
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20180440
    Last update
    16 Nov 2018
    Sector(s)
    Credit lines
    Countries
    Italy
    Publicly available
    Download now
    Link to source

    General enquiries and comments

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    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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    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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