Common Contracts

 This will benefit around 150 large corporates and mid-caps and more than 50 000 SMEs countrywide  Pan-European Guarantee Fund (EGF) to back Intesa Sanpaolo (ISP) liquidity lines via factoring in support of the industrial supply chains

Liquidity Support Agreement • June 23rd, 2021

• Contract Type
  Liquidity Support Agreement
• Filed
  June 23rd, 2021

This agreement will help to unlock more than €18 billion in new funding for small and medium-sized Italian businesses to meet the challenge of recovery post-COVID-19. That is the impact of the agreement signed between the European Investment Bank (EIB) and Intesa Sanpaolo in what is the first transaction in Italy to support factoring operations thanks to the Pan-European Guarantee Fund (EGF), one of the European Union’s instruments in response to the pandemic. Based on the amount of liquidity that will be supplied to businesses, this is the largest operation supported by the EGF in the European Union as a whole.