Release date: 29 April 2020
Promoter – Financial Intermediary
UNICREDIT LEASING SPA,UNICREDIT SPALocation
Description
The project consists of a loan helping small and medium sized enterprises (SMEs) and Midcaps to conunter the impact of the COVID-19 epidemic. This is part of the EIB contribution, in cooperation with Member States and the European Commission, in mitigating the negative economic impact of the virus outbreak.
Objectives
The operation aims at supporting working capital and liquidity needs of SMEs and Midcaps affected by thea COVID-19 epidemic.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 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 - 6/08/2020
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).