ANNOUNCEMENT 20 Nov 2017

In November 2017, the European Investment Bank (EIB) signed a credit line agreement with unidentified bank(s) 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, LOAN FOR AGRICULTURE SMES AND MID-CAPS ITALY II: http://www.eib.org/en/projects/loan/loan/20170400
The European Investment Bank, Project summary, Project No. 20170400, LOAN FOR AGRICULTURE SMES AND MID-CAPS ITALY II: http://www.eib.org/en/projects/pipelines/pipeline/20170400
European Investment Bank, SMEs and mid-caps: http://www.eib.org/en/projects/priorities/sme/index.htm

Inception date: 20 Nov 2017 | Removal date: open ended
Still in force

State loan

The credit line agreement between the European Investment Bank (EIB) and unidentified bank(s) was signed on 20 November 2017. The EIB credit line is approved for a total value of EUR 250 million (approx. USD 293.5 million). Under the credit line, the first loan having a total value of EUR 150 million was signed on 20 November 2017. On 11 December 2017, a loan agreement with a total value of EUR 100 million was signed.

The credit line will support projects carried out by SMEs and mid-caps operating in agriculture and related sectors including fisheries, forestry, manufacturing, manufacturing of food products with loans. Loans are mainly granted to such companies from Italy. The credit line is financed under the EIB programme for EU SMEs and mid-caps, see related state act.

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 PRODUCTS

 
N/A