What we do
Institutional investors
Equity products
AI Co-Investment Facility
Cleantech Co-Investment Facility
Impact investing at the EIF
Climate & Infrastructure Funds
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
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
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
EaSI Funded 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
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
EU4Business Capped Guarantee
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

EIF and Banca Sistema support Italian SMEs to the tune of €150 million

    Date: 24 January 2022
  • EIF provides a €150 million guarantee to Banca Sistema to unlock investments supporting Italian SMEs worth €500 million over three years.
  • The financing operation was supported by the European Guarantee Fund (EGF).

The European Investment Fund (EIF) and Banca Sistema have signed an agreement in support of Italian small and medium-sized enterprises (SMEs) whereby the EIF will provide a €150 million guarantee under the EGF, and Banca Sistema will be able to make additional liquidity available to private companies via recourse factoring operations.

The agreement signed is in line with the objectives outlined in Banca Sistema’s Strategic Plan 2021-2023 and will further expand the diversity of the factoring customer portfolio by including Italian SMEs and private-to-private credit assignment operations estimated at €500 million in total over three years.

Vice-President of the European Investment Bank Gelsomina Vigliotti said: “Small and medium-sized enterprises are the driving force behind the European economy and supporting them is one of the EIB Group’s top priorities to overcome the economic crisis caused by the pandemic and promote development and growth projects. With this in mind, the agreement signed with Banca Sistema will help revive investment and boost the competitiveness of Italian businesses.”

Alain Godard, CEO of the European Investment Fund, said: “Thanks to this agreement with Banca Sistema and to the European Guarantee Fund, Italian SMEs will benefit from €150 million to overcome the economic crisis and promote their future investments.”

Gianluca Garbi, CEO of Banca Sistema, stated: “The signing of this agreement with the EIF is a source of great satisfaction because it will enable Banca Sistema, which specialises in public administration factoring, to give further impetus to the Factoring Division’s business by providing liquidity to Italian SMEs through the purchase of commercial receivables and thus continue to support the country’s economic recovery and development.”

Background information

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 by helping them to access finance. The EIF is also active in supporting investments in climate funds and infrastructure with a strong focus on environmental sustainability. In this role, the EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth and employment.

The European Guarantee Fund was created by the EIB Group (EIB and EIF) with contributions from Italy and other EU Member States to protect businesses that are struggling in the crisis caused by COVID-19. With almost €25 billion in guarantees, the EGF allows the EIB and EIF to swiftly offer companies, mostly SMEs and mid-caps, access to loans, guarantees, asset-backed securities, capital and other financial instruments. The EGF forms part of the package of recovery measures put in place by the European Union, with the objective of providing a total of €540 billion to support the hardest hit sectors of the EU economy.

Banca Sistema Group, founded in 2011 and listed in 2015 on the Star segment of the Borsa Italiana stock exchange, is a financial institution specialized in purchasing trade receivables owed by the Italian Public Administrations and tax receivables and is active in salary and pension-backed loans, through both the purchase of loan portfolios and direct origination business via the QuintoPuoi product. In the field of collateral credit, the group works with its subsidiary ProntoPegno S.p.A. The Group, which has a base of over 100.000 customers, also offers deposit products with an offering that includes current accounts, deposit accounts and securities accounts, in addition to other services such as loan management and recovery, bank guarantees and security bonds, certification of public administration receivables e-billing. With headquarters in Milan and Rome, the Banca Sistema Group is now also present in Bologna, Pisa, Naples, Palermo, Asti, Brescia, Civitavecchia, Florence, Mestre, Parma, Rimini and Turin, has 278 employees and operates a multi-channel structure.




Lorenzo Squintani, tel.: +352 691 285 772, l.squintani@eib.org

Website: www.eif.org – Press Office: +352 4379 21000 – press@eib.org

Follow us on Twitter.com/eif_eu

Banca Sistema:

Press Office

Patrizia Sferrazza – tel.: +39 02 80280354 – + 39 335 73 53 559  patrizia.sferrazza@bancasistema.it

Carlotta Bernardi – tel.: + 39 333 94 77 814  c.bernardi@barabino.it

Investor Relations – Carlo Di Pierro – tel. +39 02 80280358  carlo.dipierro@bancasistema.it


Our website uses anonymised cookies to give you the best browser experience and to collect aggregated statistics.

This does not include online advertising cookies.

or Manage cookies >

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


Copyright ©

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