Release date: 28 May 2020
Promoter – Financial Intermediary
INTESA SANPAOLO SPALocation
Description
The project consists of a credit line to support SMEs and midcaps affected by the COVID-19 crisis. The operation is part of the EIB contribution, in cooperation with the EU Member States and the European Commission, to mitigate the negative economic impacts associated with the pandemic.
Objectives
The aim is to enhance access to finance to the target beneficiaries, in particular to cover their working capital and liquidity needs.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 500 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 - 12/08/2020
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).