Release date: 20 July 2005
Promoter – Financial Intermediary
Credito Valtellinese Scarl is a medium-sized cooperative bank based in northern Lombardy and parent company of the Gruppo Bancario Credito Valtellinese with some 330 branches throughout the country and a significant presence in Sicily.
Contact: Dott. Filippo Grieco
Location
Description
Global loan for the financing of investments promoted by SMEs (with up to 250 employees) in industry, services and tourism, as well as of public and private initiatives in energy, environment and infrastructures.
At least 70% will be utilised in favour of SMEs.
Objectives
To sustain mainly projects aiming to reinforce the productivity and competitiveness of SMEs as well as other investments compliant with the EU eligibility criteria.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 70 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 - 16/11/2005
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).