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UBI COVID-19 LOAN FOR SMES AND MIDCAPS

Summary sheet

Release date
19 June 2020
Status
Reference
Signed | 05/08/2020
20200291
Project name
Promoter - financial intermediary
UBI COVID-19 LOAN FOR SMES AND MIDCAPS
UNIONE DI BANCHE ITALIANE SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
not applicable
Location
Sector(s)
Description
Objectives

The project, which is part of the EIB response to the COVID-19 crisis, in cooperation with the EU Member States and the European Commission, consists in an EUR 100m funding line under the EU Programme Loan Response to COVID 19 Crisis for SMEs and midcaps.

The operation aims at mitigating the negative economic impact for SMEs and midcaps affected by the pandemic outbreak, by supporting their working capital and liquidity needs.

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.

Related projects
Parent project
EU PL RESPONSE TO COVID19 CRISIS FOR SME&MIDCAPS
Link to source
Summary sheet
UBI COVID-19 LOAN FOR SMES AND MIDCAPS

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).

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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.
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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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