ANNOUNCEMENT 27 Nov 2018

In November 2018, the European Investment Bank (EIB) signed a credit line agreement with Alba Leasing S.p.A. to support Italian small and medium-sized enterprises (SMEs) and mid-cap companies in the tourism, industry, services and agricultural sectors through long-term leasing schemes.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed projects, ALBA LEASING LOAN FOR SME AND MIDCAPS V: http://www.eib.org/en/projects/loan/loan/20180511
The European Investment Bank, Project summary, Project No. 20180511, ALBA LEASING LOAN FOR SME AND MIDCAPS V: http://www.eib.org/en/projects/pipelines/pipeline/20180511

Inception date: 27 Nov 2018 | Removal date: open ended
Still in force

State loan

The credit line agreement between the European Investment Bank (EIB) and Bankia S.A. was signed on 27 November 2018 and has a total approved value of approximately EUR 250 million (approx. USD 282 million). Under the credit line, a loan agreement has so far been signed for a total value of EUR 200 million. 

The credit line will, through Alba Leasing S.p.A., support Italian small and medium-sized enterprises (SMEs) and mid-cap companies in the tourism, industry, services and agricultural sectors through long-term leasing schemes.

According to the EIB: "This project (ed. the credit line) will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps via leasing schemes 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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