The European Investment Bank and its largest counter party among Italian banks and corporates, Intesa Sanpaolo, extend their cooperation to provide together new resources to support mid-cap companies and small and medium-sized enterprises, with a particular focus on in projects related to the circular economy.
An agreement was signed for two credit lines with an overall value of €500 million, on top of which Intesa Sanpaolo will add its own resources for an equal amount, bringing the overall available amount to €1 billion.
The first loan is intended for Italian mid-cap companies, while the second is a Circular Economy Framework Loan, the largest in Europe, allocated to SMEs and mid-caps for projects related to the circular economy.