BNL ENHANCED SME AND MIDCAP SUPPORT (EIB-20180440)

Countries
  • Italy
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
BANCA NAZIONALE DEL LAVORO SPA
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 117.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 100 million
Converted using 2018-06-29 exchange rate.
Project Cost (USD)
$ 819.11 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 700 million
Converted using 2018-06-29 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Sep 11, 2018

Disclosed by Bank Jul 24, 2018


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Project Description

According to EIB website, the project is a guarantee to a mezzanine tranche on a Banca Nazionale Del Lavoro (BNL) granular portfolio in order to support new lending to SMEs and Midcaps in Italy. It aims at relieving capital on existing loan portfolio which will be redeployed into new financing of SMEs and Mid-Caps. 

Investment Description
  • European Investment Bank (EIB)
Private Actors

Banca Nazionale del Lavoro SpA provides various commercial banking products and services in Italy. The company offers deposits, accounts, loans, financing facilities, mortgages, and guarantees; protection, investment, private banking, collection and payment, rental, liquidity, international, risk management, and public finance and debt management services; and loyalty programs and cards, as well as Internet and mobile banking services. It serves individuals, SMEs, large companies, and governments, as well as retail and private, corporate, and other institutions through offices, telephone, and a Website. The company is headquartered in Rome, Italy.

Contact Information

No contact information provided at the time of disclosure.

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