EIB and BCC Iccrea Group: €125 million to support SME and mid-cap customers of the Group's cooperative banks
Luxembourg, Oct. 22 -- The European Investment Bank (EIB) and BCC Banca Iccrea, parent company of the BCC Iccrea Group, have signed an agreement that will make €125 million in new financing available to small and medium-sized enterprises (SMEs) and mid-cap companies that are customers of the Group's cooperative banks, supporting their investment and growth.At least 25% of the total amount, equivalent to €31.25 million, will be allocated to projects in the agriculture and bioeconomy sectors, supporting companies operating in areas that are strategic for sustainable development and local economies.The operation was structured through the EIB's full subscription of a €125 million covered bond issued by BCC Banca Iccrea. The b...
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