Signature(s)
Amount
€ 500,000,000
Countries
Sector(s)
Italy
: € 500,000,000
Credit lines
: € 500,000,000
Signature date(s)
12/08/2020 : € 500,000,000
Link to source
Other links
Summary sheet
Release date
28 May 2020
Status
Reference
Signed | 12/08/2020
20200265
Project name
Promoter - financial intermediary
INTESA SANPAOLO COVID19 LOAN FOR SMES & MIDCAPS
INTESA SANPAOLO SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 500 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The project consists of a credit line to support SMEs and midcaps affected by the COVID-19 crisis. The operation is part of the EIB contribution, in cooperation with the EU Member States and the European Commission, to mitigate the negative economic impacts associated with the pandemic.
The aim is to enhance access to finance to the target beneficiaries, in particular to cover their working capital and liquidity needs.
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.
Link to source
Summary sheet
Other links