ANNOUNCEMENT 19 Oct 2018

In October 2018, the European Investment Bank (EIB) signed a credit line agreement with SG Leasing S.p.A and Fraer Leasing S.p.A. 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, Financed projects, SGEF LEASING ITALY LOAN FOR SMES & MIDCAPS III: http://www.eib.org/en/projects/loan/loan/20180284
The European Investment Bank, Project summary, Project No. 20180284, SGEF LEASING ITALY LOAN FOR SMES & MIDCAPS III: http://www.eib.org/en/projects/pipelines/pipeline/20180284

Inception date: 19 Oct 2018 | Removal date: open ended

State loan

The credit line agreement between the European Investment Bank (EIB) and SG Leasing S.p.A and Fraer Leasing S.p.A. was signed on 19 October 2018. The EIB credit line has a total value of EUR 150 million (approx. USD 172.7 million). 

More specifically the credit line will, through SG Leasing S.p.A and Fraer Leasing S.p.A., finance Italian SMEs and mid-cap companies with leasing schemes. The credit line is financed under the EIB programme for EU SMEs and mid-caps, see related state act.

The EIB stated that the credit will: "... improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps in Italy." 

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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