Global Trade Alert
Global Trade Alert

Italy: EIB and Banco BPM sign an asset-backed security programme to support Italian SMEs and mid-caps (COVID-19)

Announcement

18 Dec 2020

In December 2020, the European Investment Bank (EIB) signed an asset-backed security programme with Banco BPM S.p.A., with proposed funding of EUR 150 million (approx. USD 183.5 million), to support SMEs and mid-caps affected by the COVID-19 pandemic in Italy.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

18 Dec 2020

Revocation date:

No revocation date

Updated: 18 Dec 2020
Loan guarantee In force

The approved 150 million (approx. USD 183.5 million) guarantee agreement with Banco BPM on 18 December 2020 was also backed by the European Fund for Strategic Investment (EFSI). 

In pa...

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Updated: 18 Dec 2020
Loan guarantee In force

On 18 December 2020, the European Investment Bank (EIB) and Banco BPM signed an asset-backed security programme to support SMEs and mid-caps negatively affected by the COVID-19 pandemic in Italy. T...

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