Signature(s)
Amount
€ 50,000,000
Countries
Sector(s)
Italy
: € 50,000,000
Credit lines
: € 50,000,000
Signature date(s)
9/11/2020 : € 50,000,000
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Summary sheet
Release date
16 June 2020
Status
Reference
Signed | 09/11/2020
20200274
Project name
Promoter - financial intermediary
BANCA DEL MEZZOGIORNO COVID19 L4SMES & MIDCAPS
BANCA DEL MEZZOGIORNO - MEDIOCREDITO CENTRALE SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The project consists in an EUR 50 m funding line under the EU Programme Loan Response to COVID-19 Crisis for SMEs and MidCaps.
The aim is to support working capital and liquidity needs of SMEs and midcaps affected by the current pandemic. The proposed loan is part of the EIB contribution, in cooperation with other EU Member States and the European Commission, in mitigating the negative economic impact for SMEs and midcaps affected by the COVID-19 outbreak.
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.
Related projects
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