Covid-19: 1 billion from EIB and Banco BPM to support the Italian economic recovery
The EIB Group and Banco BPM join forces once again to support the working capital needs and investments of Italian SMEs hit by the economic crisis caused by the pandemic. This is the first operation of its kind in Italy and one of the first in Europe. To this end, the European Investment Bank (EIB) and the European Investment Fund (EIF) will provide a guarantee of € 91 million on a junior tranche of a synthetic securitization of a portfolio of loans to SMEs originating from B