ANNOUNCEMENT 16 Jan 2020

In January 2020, the European Investment Bank (EIB) announced a loan grant to finance investments made by SMEs through UniCredit SPA 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

European Investment Bank. UNICREDIT - DIGITAL TRANSFORMATION FOR SMEs. Press release 29 August 2019.
Available at: https://www.eib.org/en/projects/pipelines/all/20190452

Environmental and Social Data Sheet (ESDS)European Investment Bank. UNICREDIT - DIGITAL TRANSFORMATION FOR SMEs. Press release 29 August 2019.
Available at:https://www.eib.org/en/registers/all/123064942

Project Data Sheet. European Investment Bank. UNICREDIT - DIGITAL TRANSFORMATION FOR SMEs. Press release 29 August 2019.
Available at: https://www.eib.org/en/projects/loans/all/20190452

Inception date: 16 Jan 2020 | Removal date: open ended

State loan

On 16 January 2020, the European Investment Bank (EIB) and UniCredit SPA signed a loan agreement with a total value of EUR 200 million (approx. USD 222.7 million). The loan will support the company to finance investments made by SMEs. In addition, 30% of the loan will finance SMEs' research and development (R&D) activities.  

UniCredit SPA has its headquarters in Italy. The company provides financial services and is an Italian global bank with a network that spans 50 markets in 17 countries. 

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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