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    Reference: 20180254
    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)

    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).

    Related tags

    Italy Credit lines