Date de publication: 7 août 2023
Promoteur – Intermédiaire Financier
INTESA SANPAOLO SPALieu
Description
The operation consists of a loan to Intesa Sanpaolo to support mid-caps in Italy. A 30% will contribute to innovation, in line with "Transition 4.0", the Italian government's programme.
Additionality and Impact
The uncertainties in the global economy due to the pandemic, the war in Ukraine, energy crisis, and rising interest rates have exacerbated the known difficulties that Mid-caps and especially innovative Mid-caps experienced in accessing cost-effective, long-term finance. These difficulties arise from the smaller scale of activities, uncertainties in the market and inherent riskiness of innovation activities leading to lower rates of return and higher risk of failure. The EIB financing would help Mid-caps to alleviate the immediate negative effects of the economic uncertainties by offering financing to strengthen their competitiveness and build-up their future resilience through the investments in capital goods, RDI and digitalization. The project will support existing jobs, creation of new jobs and growth through investments in productive assets and innovation in Italy, which is lagging behind its EU peers in technological development and digitalization. The Financial Intermediary, which has long experience in allocating EIB financing, will benefit from bespoke financing terms, such as flexible drawdowns that adapt to the underlying loan to the Mid-cap.
Objectifs
The aim is to enhance access to finance to the target beneficiaries.
Secteur(s)
- Lignes de crédit - Lignes de crédit
Montant BEI envisagé (montant approximatif)
EUR 300 million
Coût total (montant approximatif)
not applicable
Aspects environnementaux
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Passation des marchés
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Statut
Signé - 26/07/2023
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).