BNL ENHANCED SME AND MIDCAP SUPPORT

Promoter – Financial Intermediary

BANCA NAZIONALE DEL LAVORO SPA

Location

• Italy

Description

Guarantee to a mezzanine tranche on a Banca Nazionale Del Lavoro (BNL) granular portfolio in order to support new lending to SMEs and Midcaps in Italy.

Objectives

The transaction, an unfunded Asset Backed Securities mezzanine investment, is a de-linked product aiming at relieving capital on existing loan portfolio which will be redeployed into new financing of SMEs and Mid-Caps.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

EUR 700 million

Environmental aspects

In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require such intermediary institution to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final recipients under the New Portfolio will comply with the relevant EU environment and procurement legislation and the applicable national legislation, provided that it is in conformity with EU rules.

Procurement

In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require such intermediary institution to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final recipients under the New Portfolio will comply with the relevant EU environment and procurement legislation and the applicable national legislation, provided that it is in conformity with EU rules.

Status

Signed - 18/12/2018