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    Reference: 20200274
    Release date: 16 June 2020

    Promoter – Financial Intermediary

    BANCA DEL MEZZOGIORNO - MEDIOCREDITO CENTRALE SPA

    Location

    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Italy Credit lines