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    Reference: 20200121
    Release date: 9 February 2023

    Promoter – Financial Intermediary

    UNICREDIT LEASING SPA,UNICREDIT SPA

    Location

    Description

    The operation will enable to finance projects carried out by sustainable small and medium sized enterprises (SMEs) and/or Midcaps in Italy.

    Additionality and Impact

    The operation will provide funding to the promoter, UniCredit S.p.A. ("UC"), with the aim of generating additional lending to Italian SMEs and MidCaps (50%), which is still at suboptimal level.


    The operation foresees that at least 30% of the loans will be dedicated to Climate Action projects: it is envisaged that the 50% MidCap share will facilitate the deployment of larger CA projects which wouldn't be implemented by SMEs. The funding will reach both existing and new customers of UC.

    Objectives

    The aim is to enhance access to finance for SMEs and MidCaps. At least 30% of the total loan amount dedicated to Climate Action projects.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 700 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 - 21/11/2022

    Milestone
    Under appraisal
    Approved
    Signed
    17 November 2022
    21 November 2022

    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).

    Related tags

    Italy Credit lines