Release date: 16 June 2020
Promoter – Financial Intermediary
BANCA DEL MEZZOGIORNO - MEDIOCREDITO CENTRALE SPALocation
Description
The project consists in an EUR 50 m funding line under the EU Programme Loan Response to COVID-19 Crisis for SMEs and MidCaps.
Objectives
The aim is to support working capital and liquidity needs of SMEs and midcaps affected by the current pandemic. The proposed loan is part of the EIB contribution, in cooperation with other EU Member States and the European Commission, in mitigating the negative economic impact for SMEs and midcaps affected by the COVID-19 outbreak.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 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 - 9/11/2020
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).