Release date: 2 July 2019
Promoter – Financial Intermediary
BANCO BPM SPALocation
Description
The project will provide a guarantee to Banco BPM (BBPM) to cover a portfolio of new loans to SMEs and MidCaps in Italy.
Objectives
The operation aims at enhancing access to finance for the specific market segment. In detail, the transaction is 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.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 55 million
Total cost (Approximate amount)
EUR 275 million
Environmental aspects
The EIB will require that BBPM take all the required measures to ensure that final recipients (SMEs and MidCaps) meet EIB's environmental standards and related EU/national legislation.
Procurement
The EIB will require that BBPM take all the required measures to ensure that final recipients (SMEs and MidCaps) meet EIB's procurement standards and related EU/national legislation.
Status
Signed - 24/06/2019
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).