EIB said that the this credit line will be managed by two banks in the Intesa group: Mediocredito Italiano and Leasint.
This operation will reinforce the EIB’s cooperation with Intesa Sanpaolo – including in accordance with the framework agreement between the EIB, the Italian Banking Association (ABI) and Confindustria signed two years ago.
For financing, new and ongoing projects will be eligible and the maximum amount granted to individual projects will be EUR12.5m, possibly covering up to 100% of the investment cost.
The loans will serve to finance: restructuring and upgrading schemes; the acquisition, construction and extension of buildings; the acquisition of plant, equipment, machinery and vehicles; the costs, ancillary expenses and intangible assets relating to investments, including research, development and innovation costs; ongoing working capital requirements.
Small businesses in all productive sectors – agriculture, crafts, industry, trade, tourism and services – will be able to apply for the loans.
