ANNOUNCEMENT 23 Jun 2017

In June 2017, the European Investment Bank (EIB) signed a credit line agreement with a number of Italian banks to support small and medium-sized enterprises (SMEs) and mid-cap companies in Italy.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Project summary, Project No. 20160436, BPER LOAN FOR SMES & MID-CAPS II: http://www.eib.org/en/projects/pipelines/pipeline/20160436
European Investment Bank, SMEs and mid-caps: http://www.eib.org/en/projects/priorities/sme/index.htm

Inception date: 23 Jun 2017 | Removal date: open ended

State loan

The credit line agreement between the European Investment Bank (EIB) and four Italian banks was signed on 23 June 2017 and has a total value of EUR 150 million (approx. USD 168 million).

More specifically the credit line will, through Banca Popolare dell'Emilia Romagna S.C., Banco di Sardegna S.p.A., Cassa di Risparmio di Bra S.p.A. and SARDALEASING - SOCIETA DI LOCAZIONE FINANZIARIA PA, support small and medium-sized enterprises (SMEs) and mid-cap companies in the tourism, industry, services and agriculture sectors. A minimum of 70% of the credit line is dedicated to SMEs.

In general, the EIB has made financing of SMEs and mid-cap companies a top priority. In this context, the EIB stated: "In 2017 alone, the EIB Group financed SMEs and mid-caps across the globe to the tune of a record EUR 29.6 billion (EIB Group)."

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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