Release date: 9 March 2020
Promoter – Financial Intermediary
ALBA LEASING SPALocation
Description
The project consists of a loan financing SMEs and midcaps in the industry, services, tourism and agriculture sectors via long-term leasing schemes. Part (min 10%) will be dedicated to Climate Action projects carried out by SMEs and Midcaps.
Objectives
This project will improve competitiveness and access to finance at favourable conditions for the final beneficiaries. This operation will also contribute to mitigate the coronavirus Covid-19 effects as a large portion of the new SME portfolio (estimated around 50%) will be originated in the severely affected regions: Lombardy, Veneto and Emilia Romagna.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 444 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 - 19/06/2020
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).