Gruppo BNL SME Leasing PG IV

Promoter – Financial Intermediary

Gruppo Banca Nazionale del Lavoro

Location

• Italy

Description

Global loan for the financing of micro-firms and SMEs in industry, tourism and services.

Objectives

To sustain projects contributing to reinforce the productivity and competitiveness of SMEs throughout the country, aiming at investments realised by small enterprises and micro-firms through leasing schemes.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 200 million.

Total cost (Approximate amount)

EIB finance will cover up to 50% of total project cost for each allocation.

Environmental aspects

Complying with EU and national legislation on environmental protection.

Procurement

Complying with EU procurement procedures. For large investments the Bank recommends that international bidding procedures be followed whenever possible, even if EU directives do not apply.

Status

Signed - 3/12/2004