Italian banking group Intesa Sanpaolo and the European
Investment Bank (EIB) have signed an array of agreements totalling
€470 million to support investments – including leasing – made by
SME-sized businesses.
The loans for Italian SMEs will be managed by Leasint, the
bank’s leasing subsidiary, and Mediocredito Italiano, the Intesa
Sanpaolo company specialising in medium and long-term SME
financing.
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They include €300 million for small and medium-sized
enterprises, €100 million in support of mid-caps for energy,
environmental or R&D investments, €50 million to develop new
technologies, and 20 million to support school contruction and
health initiatives.
The bank said the loans will target, in particular, the Italian
manufacturing sector, to mitigate the impact of the financial
crisis on small and medium companies and help to kick-start the
recovery process.
Antonio Fabrizio
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