ANNOUNCEMENT 31 May 2018

In May 2018, the European Investment Bank (EIB) signed a credit line agreement with UniCredit SPA and UniCredit Leasing SPA to support small and medium-sized enterprises (SMEs) in Italy.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, UNICREDIT LOAN FOR SME X: http://www.eib.org/en/projects/loan/loan/20180138
The European Investment Bank, Project summary, Project No. 20180138, UNICREDIT LOAN FOR SME X: http://www.eib.org/en/projects/pipelines/pipeline/20180138

Inception date: 31 May 2018 | Removal date: open ended

State loan

The credit line agreement between the European Investment Bank (EIB) and UniCredit SPA and UniCredit Leasing SPA was signed on 31 May 2018 and has a total value of EUR 300 million (approx. USD 350 million).

More specifically the credit line will, through UniCredit SPA and UniCredit Leasing, finance small and medium-sized enterprises with medium or long-term lending (MLT) and leasing schemes in Italy.

In this context, the EIB notes that: "This project will help finance small/medium projects carried out by small and medium sized-enterprises in the industry, agriculture, tourism and service sectors."

Notably, in February 2018 the EIB also signed a similar credit line with UniCredit SPA and UniCredit Leasing SPA to support mid-caps in Italy, see related state act.

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

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AFFECTED PRODUCTS

 
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