BPCE ITALY LOAN FOR SMES AND MIDCAPS (EIB-20240610)

Countries
  • Italy
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 24, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
BPCE Equipment Finance Italia SpA, BPCE Equipment Solutions Italia S.P.A., Fraer Leasing S.P.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 293.87 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 250
Converted using 2025-07-24 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Oct 29, 2025

Disclosed by Bank Jul 17, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of a multi-beneficiary intermediated loan (MBIL) to finance EIB-eligible investments by small and medium sized enterprises (SMEs) and mid-caps via leasing schemes in Italy. Minimum 30% of the financing will be dedicated to innovation and minimum 30% of the investments will be located in EIB cohesion regions.

This intermediated operation with BPCE Equipment Solutions entities in Italy eases financial constraints for SMEs and MidCaps in Italy and is also expected to support innovation (min. 30%) and companies which are located in cohesion regions in Italy (min. 30%). The operation addresses the failure in financial markets for SMEs and MidCaps arising from limited access and/or high cost of financing charged by creditors as a result of information asymmetries, lack of collateral and imperfect screening and monitoring which is even stronger for innovative companies. The operation is expected to contribute to financing of smaller innovative companies in Italy which generate significant positive externalities through the creation of innovative processes, products or services, in alignment with the national plan "Transizione 4.0". Through EIB intervention, the borrowers will benefit from more favourable financing conditions (e.g. lower pricing, longer maturity, grace period, etc) and from enhanced diversification of funding base.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

A multi-beneficiary intermediated loan (MBIL) to finance EIB-eligible investments by small and medium sized enterprises (SMEs) and mid-caps via leasing schemes in Italy.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

According to Bloomberg, BPCE Equipment Finance Italia S.P.A. provides a full range of integrated financial solutions. The Company offers innovative financial solutions and tailored services for businesses in both public and private sectors. BPCE Equipment Finance Italia serves customers internationally.

According to Bloomberg, BPCE Equipment Solutions Italia S.P.A. provides financial services. The Company offers industrial equipment lease financing, sale and lease back, and business loans. BPCE Equipment Solutions Italia serves customers internationally.

According to Bloomberg, Fraer Leasing S.P.A. provides commercial equipment financing and leasing services.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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How it works