Release date: 23 April 2018
Promoter – Financial Intermediary
BANCA PICCOLO CREDITO VALTELLINESE SPA
Location
Description
The project consists of a dedicated EIB Loan to finance small and medium-sized entreprises (SMEs) and mid-caps in the industrial, services, tourism and agricultural sectors via long-term loans in Italy. The EIB will invest in two tranches of a Creval granular SME and mid-cap portfolio in order to support new lending to SMEs and mid-caps in Italy.
Objectives
This project will improve competitiveness and access to finance at favourable conditions for SMEs and mid-Caps in Italy.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 26/07/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).