Release date: 17 December 2020
Promoter – Financial Intermediary
BANCO BPM SPA
Guarantee to a mezzanine tranche on a Banco BPM granular portfolio in order to support new lending to small and medium-sized enterprises (SMEs) and mid-caps in Italy. This operation will also contribute to mitigating the effects of the COVID-19 pandemic as a large portion of the new SME portfolio (estimated at more than 60%) will originate in the severely affected regions of: Lombardy, Veneto and Emilia Romagna.
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, a de-linked product aiming at relieving capital on existing loan portfolio which will be redeployed into new financing.
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 1190 million
The EIB will require that BBPM take all the required measures to ensure that final recipients (SMEs and mid-caps) meet the EIB's environmental standards and related EU/national legislation.
The EIB will require that BBPM take all the required measures to ensure that final recipients (SMEs and mid-caps) meet the EIB's procurement standards and related EU/national legislation.
Signed - 18/12/2020
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).