Release date: 20 April 2007
Promoter – Financial Intermediary
Banca Monte dei Paschi di Siena S.p.A (hereinafter "MPS"), parent company of the fourth largest banking group in Italy with 1,884 branches and EUR 154.5 bn of total assets at end-September 2006.Location
Description
Specialised credit line to finance, via leasing schemes or MLT lending, SME initiatives throughout Italy. A portion of the facility will be earmarked to investments located in convergence regions.
Objectives
To sustain small and medium-sized projects contributing to the reinforcement of the productivity and competitiveness of smaller SMEs as well as other investments compliant with the EIB's eligibility criteria.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Complying with relevant EU and national legislation on environmental protection and right of on-site inspection.
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 - 28/06/2007
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).