EIB provides 400 million euro for Italian SME leasing projects
The European Investment Bank (EIB) is providing Locat S.p.A Italy's largest leasing company, with a 400 million euro structured financing, the proceeds of which are to be used to finance leasing projects promoted by small and medium-sized enterprises (SMEs). This financing structure adapts the concept of global loans in order to provide a wider access to EIB resources for leasing projects. The loan's main objective is to increase the productivity and competitiveness of SMEs.