The European Investment Bank will
finance Locat, the leasing arm of Unicredit, with €300 million
aimed at small and medium sized enterprises in Italy.
The EU financing institution, Milan-based bank Unicredit and its
subsidiary Locat have agreed to sign a €300 million loan to support
the Italian SME sector, which will receive the financing through
leasing contracts issued by Locat.
The agreement follows a larger plan, approved by the EIB in
September, to earmark €15 billion over the period 2008-2009 for
loans to SMEs throughout Europe granted via commercial banks.
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