Reference: 20200275
Release date: 12 May 2020

Promoter – Financial Intermediary

BANCA IFIS SPA

Location

Description

The project consists of an EUR 50 m funding line under the EU Programme Loan Response to COVID 19 Crisis for SMEs.

Objectives

This operation will contribute to mitigate the negative economic effects of the coronavirus COVID19 by financing projects carried out by SMEs.

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 - 9/07/2020

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