What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Baltic Innovation Fund (BIF)
Competitiveness Fund-of-Funds for SMEs in Romania
Regional Fund-of-Funds Romania
La Financière Région Réunion
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Venture Initiative (DVI-II)
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
The Silesia EIF Fund of Funds
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
JEREMIE
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Scottish-European Growth Co-Investment Programme
The EIB Group Risk Enhancement Mandate (EREM)
Western Balkans Enterprise Development & Innovation Facility II (WB EDIF II)

EUR 23 million for Italian SMEs and Mid-caps as EIF and Banco delle Tre Venezie sign loan agreement

  •  
    Date: 17 February 2017

The European Investment Fund (EIF) and Banco delle Tre Venezie (BTV) have signed a loan agreement of EUR 11.5 million, which will provide EUR 23 million of credit facilities for small and medium-sized enterprises (SMEs) and small mid-caps in Italy.

Under the new agreement, BTV will offer attractive loans to Italian SMEs and small mid-caps primarily in the Veneto region over the next three years. The EUR 11.5 million loan is backed by the EIB Group’s Cooperative Banks and Smaller Institutions (CBSI) Instrument, which provides long-term senior loan financing to financial institutions for the ultimate benefit of SMEs and small mid-caps.

EIF Chief Executive, Pier Luigi Gilibert, commented: “We are delighted to sign this loan agreement with one of our new financial intermediaries, Banco delle Tre Venezie. Under this new agreement, EUR 23 million will be provided to Italian companies, an amount which will help strengthen support for Italian businesses and which will create jobs and growth in the region.”

BTV Chief Executive Officer, Fabrizio Tofanelli said that: "We are highly satisfied with the terms of this Loan Agreement and we expect a positive effect for the Italian SMEs in the north east. Furthermore, we are proud of being the first Italian bank and among the first ones in Europe having signed this Agreement.”

More information:

About EIF

The European Investment Fund (EIF) is part of the European Investment Bank group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

About BANCO DELLE TRE VENEZIE

Banco delle Tre Venezie (BTV) is a Commercial bank providing an innovative banking model. BTV especially serves the corporate market by granting short commercial credit and mainly supporting medium long term finance operations. The support of BTV includes also a Private banking and Advisory service dedicated to create made tailor solutions and investment opportunities. The position is strategic and global with five operative branches located in Padua, Treviso, Venice, Verona and Vicenza providing personalized assistance. The main clients are SMEs enterprises (Small – Medium Sized) based on a flexible organization and high technology but also small mid-caps whose find Banco delle Tre Venezie a reliable partner ready to listen and able to offer financial dedicated solutions.

About the Cooperative Banks and Smaller Institutions mandate (CBSI)

The CBSI Instrument, is an EIB Group effort, providing senior loan financing to cooperative banks and other smaller financial institutions for the ultimate benefit of SMEs and small midcaps.

Following 5 years of a very successful implementation of the European Progress Microfinance Facility, where EIF has provided lending to small financial intermediaries reaching thousands of micro-enterprises that were supported in an earlier stage of their growth, the launch of the CBSI Instrument will contribute in a first phase to the sustainability and growth of approximately 3,000 companies across 8 or 9 different EU countries overall.

Press contacts:

EIF: David Yormesor
Tel.: + 352 24 85 81 346, E-Mail: d.yormesor@eif.org

Banco delle Tre Venezie: Vittorio Tommasini
Tel.: + 39 049 82 08 418, E-mail:  vittorio.tommasini@bancodelletrevenezie.it


 
 

Copyright ©

 European Investment Fund 2017 – The European Investment Fund is not responsible for the content of external internet sites.