Cassa Depositi e Prestiti has fully subscribed abond issue di Banco BPM from 300 million to support access to credit for small Italian companies in order to facilitate their transition towards a sustainable economy model, also improving employment prospects. The loans disbursed, which will have a maximum amount of 25 million and a minimum maturity of no less than 18 months, will be able to support the sustainable investments of around 1.000 SMEs and Mid-Caps.
In particular, explains a note, CDP's resources will follow the guidelines of the program and will be dedicated to projects focused on the energy efficiency of companies, on "green financing" initiatives (loans to improve the energy classification of buildings) and on sustainable investments that meet the criteria defined by the European taxonomy. The new finance can also be used together with the public guarantee instruments available to SMEs (Guarantee Fund).
The resources will be added to Banco BPM's "Sustainable Investments 2020-2023" program dedicated to the implementation of green SME and Mid-Cap projects, which currently amounts to 5 billion. But also with the 2022-2024 Strategic Plan of CDP which aims, in full synergy and complementarity with the banking system, to be ever closer to companies with the aim of promoting and facilitating their investments, thus contributing to the sustainable growth of the national economy.
