BEI-Bcc Iccrea Agreement: 125 Million for SMEs and Sustainable Agriculture

An agreement has been signed between the European Investment Bank (EIB) and Bcc Banca Iccrea, the leading group of the cooperative banking system. The agreement provides for the allocation of 125 million euros in new financing for small and medium-sized enterprises and Mid-Cap clients of the group's banks.

At least 25% of the total, corresponding to 31.25 million euros, will be exclusively dedicated to financing projects in the agriculture and bioeconomy sectors. The operation was structured through the EIB's subscription of a 125 million euro covered bond issued by Bcc Banca Iccrea, with a seven-year duration and a fixed interest rate of 4.052%.

Financial support for small and medium-sized Italian enterprises is a priority for European and national institutions, especially in strategic sectors such as agriculture and the bioeconomy. These areas are considered fundamental for sustainable development and the enhancement of local territories, but SMEs often face difficulties in accessing credit.

Today's agreement stems from the awareness of the crucial role that banks play in facilitating investments and business growth. The EIB, the European Union's financial institution, regularly collaborates with national financial intermediaries to channel resources toward projects that support community priorities. This funding channel enables reaching a large number of businesses through the extensive network of cooperative banks, which traditionally support the local economy.