Release date: 20 May 2020
Promoter – Financial Intermediary
BANCA NAZIONALE DEL LAVORO SPA,BNL LEASING SPALocation
Description
The project consists of a loan to support SMEs and midcaps affected by the pandemic, as part of the EU Programme Loan Response to COVID-19 crisis.
Objectives
The aim is to enhance access to finance to SMEs and midcaps to support their working capital and liquidity needs. The operation is part of the EIB contribution, in cooperation with the EU Member States and the European Commission, in mitigating the negative economic impact of the COVID-19 outbreak on small businesses .
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 150 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 - 24/11/2020
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).