The IMI Corporate & Investment Banking Division of Intesa Sanpaolo has concluded an agreement with the European Investment Bank (EIB) thanks to which it will receive a EUR 100M loan to support the ecological transition of the Public Administration and its subsidiaries.
This agreement opens new perspectives for public entities, which will be able to access favourable loan conditions: longer maturities (up to 15 years), flexible disbursements and repayment schedules, and competitive interest rates.
This is to all intents and purposes the first loan, aimed at supporting sustainable investments fostered by the Public Administration, granted by the EU Bank to a commercial bank in Italy. In light of this commitment, the IMI Corporate & Investment Banking Division of Intesa Sanpaolo will foster investments totalling EUR 200M by local and public entities.
The investments that will benefit from this opportunity may concern, for example, the purchase of public transport fleets with a low environmental impact, the reactivation or improvement of water supply networks and infrastructures, and the purchase of vehicles, equipment and infrastructures dedicated to differentiated waste collection. The resources made available by Intesa Sanpaolo and the EIB can also be allocated to investments and projects that will receive NRRP funds.
The collaboration between Intesa Sanpaolo and the EIB confirms the joint commitment to the transition to a sustainable society and economy.
Read the Press Release.