Release date: 18 September 2019
Promoter – Financial Intermediary
BANCO BPM SPALocation
Description
The project consists of a loan to BBPM to enhance access to finance at favourable conditions for SMEs and Midcaps operating in the field of agriculture and bioeconomy.
Objectives
This project will improve competitiveness and availability of finance for the target beneficiaries. At least 10% of total financing will be dedicated to young farmers and a 5% contribute to climate mitigation and adaptation.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 100 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 - 29/11/2019
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).