Global Trade Alert
Global Trade Alert

Italy: EIB group provides financing for the 'Illimity Egf Enhanced Supply Chain Support' project

Announcement

02 Dec 2021

On 2 December 2021, the EIB provided financing worth EUR 60 million (USD 67 million) to Italian private bank Illimity Bank S.p.A in order to support Italian companies in the context of the Covid-19 pandemic.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

02 Dec 2021

Revocation date:

No revocation date

Updated: 02 Dec 2021
Loan guarantee In force
<p>The EIB's EUR&nbsp;60 million (approx. USD&nbsp;67 million) loan with Illimity Bank Spa signed on&nbsp;2 December 2021 was backed by the European Guarantee Fund (EGF).&nb...
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Updated: 02 Dec 2021
State loan In force
<p>On 2 December 2021, the European Investment Bank (EIB), the European Investment Fund (EIF) and Illimity Bank Spa signed a loan agreement worth EUR&nbsp;60 million (approx. USD&nbsp;67...
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