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        ISP IMPACT LOAN FOR SMES AND MIDCAPS

        Signature(s)

        Amount
        € 500,000,000
        Countries
        Sector(s)
        Italy : € 500,000,000
        Credit lines : € 500,000,000
        Signature date(s)
        28/05/2024 : € 500,000,000

        Summary sheet

        Release date
        28 November 2023
        Status
        Reference
        Signed | 28/05/2024
        20230198
        Project name
        Promoter - financial intermediary
        ISP IMPACT LOAN FOR SMES AND MIDCAPS
        INTESA SANPAOLO SPA
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 500 million
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        The operation consists of a bilateral loan facility / multiple beneficiary intermediated loan (MBIL) to provide of financing to small and medium sized enterprises (SMEs) and mid-caps. 30% of the facility will be dedicated to Climate Action and Environmental Sustainability.

        The aim is to enhance access to finance for the target beneficiaries. Specific Climate Action related eligibility criteria (based on the project nature) will apply to at least 30% of the allocations.

        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 30% of the loans will be dedicated to Climate Action projects: it is envisaged that the 30% MidCap share will facilitate the deployment of the larger CA projects which wouldn't be implemented by SMEs.

        Environmental aspects
        Procurement

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Milestone
        Under appraisal
        Approved
        Signed
        28 February 2024
        28 May 2024

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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