EIF securitizations funnel structural funds to SMEs
The European Investment Fund has completed a programme of synthetic securitizations in Italy, offering capital relief to five of the country’s lenders in return for cheaper lending in southern Italy.
Banca di Credito Popolare, Banca Populare di Bari, Banco di Napoli, UniCredit and Unione di Banche Italiane (UBI Banca) took guarantees from the EIF, the Italian ministry of finance, and, for two of the institutions, the European Investment Bank.The initiative funnelled European structural funds, and support funds ...
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