Release date: 16 June 2022
Promoter – Financial Intermediary
INTESA SANPAOLO SPALocation
Description
Loan provided to Intesa Sanpaolo to support small and medium-sized enterprises (SME) and mid-caps, with a Climate Action & Environmental Sustainability contribution of at least 25%.
Additionality and Impact
The operation will provide funding to the promoter, Intesa Sanpaolo (ISP), with the aim of generating additional lending to Italian SMEs and MidCaps (30%), which is still at suboptimal levels.
The operation foresees that at least 25% of the loans will be dedicated to Climate Action projects, mainly supporting the MidCap segment in implementing larger energy efficiency and renewable energy investments.
Thanks to EIB's intervention, Intesa Sanpaolo will increase its activity in climate action financing, and the SMEs and MidCaps that obtain the financing will also benefit from a discount with respect to the ordinary rates that the intermediary would normally apply.
Objectives
Bilateral loan facility (MBIL) provided to Intesa Sanpaolo supporting SMEs and mid-caps. Specific Climate Action related eligibility criteria (based on the project nature) will apply to at least 25% of the allocations.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 500 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 - 8/08/2022
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).