ANNOUNCEMENT 23 Feb 2018

In February 2018, the European Investment Bank (EIB) signed a credit line agreement with Banca Popolare di Bari SCPA to support small and medium-sized enterprises (SMEs) and mid-cap companies mainly in Italy.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, BANCA POPOLARE DI BARI LOAN FOR SMES AND MID-CAPS: http://www.eib.org/en/projects/loan/loan/20170679
The European Investment Bank, Project summary, Project No. 20170679, BANCA POPOLARE DI BARI LOAN FOR SMES AND MID-CAPS: http://www.eib.org/en/projects/pipelines/pipeline/20170679

Inception date: 23 Feb 2018 | Removal date: open ended
Still in force

State loan

The credit line agreement between the European Investment Bank (EIB) and Banca Popolare di Bari SCPA was signed on 23 February 2018 and has a total value of EUR 150 million (approx. USD 184.5 million).

More specifically the credit line will, through Banca Popolare di Bari SCPA, finance small and medium-sized enterprises (SMEs) in the tourism, agricultural, industry and service sectors as well as mid-caps mainly in Italy.

In this context, the EIB notes that: "This intermediated loan will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps."

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.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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