Search EN menu en EIB GROUP CLIENT PORTAL
Close EIB GROUP CLIENT PORTAL
Search
Search
Results
Top 5 search results See all results Advanced search
Top searches
    Most visited pages

        ISP ENHANCED COVID19 SME AND MIDCAP SUPPORT

        Signature(s)

        Amount
        € 89,609,794.25
        Countries
        Sector(s)
        Italy : € 89,609,794.25
        Credit lines : € 89,609,794.25
        Signature date(s)
        30/09/2020 : € 89,609,794.25
        Other links
        Related EFSI register
        02/09/2020 - EU PL ABS COVID19 RESPONSE FOR SMES&MIDCAPS
        Parent project
        EU PL ABS COVID19 RESPONSE FOR SMES&MIDCAPS

        Summary sheet

        Release date
        29 September 2020
        Status
        Reference
        Signed | 30/09/2020
        20200451
        Project name
        Promoter - financial intermediary
        ISP ENHANCED COVID19 SME AND MIDCAP SUPPORT
        INTESA SANPAOLO SPA
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 90 million
        EUR 627 million
        Location
        Sector(s)
        Description
        Objectives

        Guarantee to a mezzanine tranche on an Intesa Sanpaolo granular portfolio of small and medium-sized enterprise (SME) loans in order to support new lending to SMEs and mid-caps in Italy. This operation will also contribute to mitigating the effects of the COVID-19 crisis as a large portion of the new SME portfolio (estimated at more than 60%) will originate in the severely affected regions of Lombardy, Veneto and Emilia Romagna.

        The operation aims at enhancing access to finance for the specific market segment. In detail, the transaction, an unfunded mezzanine investment, is a de-linked product aiming at relieving capital on an existing loan portfolio which will be redeployed into new financing.

        Environmental aspects
        Procurement

        The EIB will require that Intesa Sanpaolo S.p.A. take all the required measures to ensure that final recipients (SMEs and mid-caps) meet the EIB's environmental standards and related EU/national legislation.

        The EIB will require that Intesa Sanpaolo S.p.A. take all the required measures to ensure that final recipients (SMEs and mid-caps) meet the EIB's procurement standards and related EU/national legislation.

        Related documents
        02/09/2020 - EU PL ABS COVID19 RESPONSE FOR SMES&MIDCAPS
        Related projects
        Parent project
        EU PL ABS COVID19 RESPONSE FOR SMES&MIDCAPS

        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 - EU PL ABS COVID19 RESPONSE FOR SMES&MIDCAPS
        Publication Date
        1 Sep 2020
        Document Language
        English
        Main Topic
        lending
        Document Number
        133221926
        Document Focus
        EFSI legal requirements
        Document Type
        Scoreboard
        Project Number
        20200267
        Last update
        2 Sep 2020
        Sector(s)
        Credit lines
        Countries
        EU Countries
        Publicly available
        Download now
        or Link to source
        Link to source
        Related EFSI register
        02/09/2020 - EU PL ABS COVID19 RESPONSE FOR SMES&MIDCAPS
        Other links
        Summary sheet
        ISP ENHANCED COVID19 SME AND MIDCAP SUPPORT
        Data sheet
        ISP ENHANCED COVID19 SME AND MIDCAP SUPPORT
        Parent project
        EU PL ABS COVID19 RESPONSE FOR SMES&MIDCAPS

        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.

        Related publications