EIB and Mediobanca make available €200 million in new finance to microenterprises and female-led entrepreneurs
Italy, July 14 -- The European Investment Bank (EIB) and Mediobanca have signed a new €100 million agreement designed to improve access to credit for Italian small and medium-sized enterprises (SMEs), with a particular focus on microenterprises, female-led entrepreneurs and businesses operating in cohesion regions.This €100 million contract was signed by EIB Vice-President Gelsomina Vigliotti and Group Chief Financial Officer of Mediobanca Emanuele Flappini. This is the first agreement between the EIB and Mediobanca in which the funds will be primarily intermediated by Mediobanca's subsidiary, Compass Banca. It is estimated that the EIB's funding will help unlock up to €200 million of new finance for the real economy.The f...
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