With the EIB to support the Public Administration green transition

Intesa Sanpaolo is supporting the green transition of the public sector and publicly owned companies through an agreement with the European Investment Bank (EIB). The operation enables to promote investments totalling €200 million in projects such as:

• the purchase of environmentally friendly buses for public transport use
• the rehabilitation or improvement of water supply networks and infrastructure
• the purchase of vehicles, equipment and infrastructure for sorted waste collection

The €100m EIB loan is the first granted by the EU Bank to a commercial bank in Italy to support sustainable investments promoted by the Public Administration.

More specifically, the agreement provides public bodies with favourable financing conditions, including longer maturities (up to 15 years), flexible disbursements and amortisation schedules and competitive interest rates.

The resources made available by the EIB and Intesa Sanpaolo may also be used for projects funded by the Italian national recovery and resilience plan.

Over the past five years, the EIB and Intesa Sanpaolo have signed 15 operations  totalling almost €2.4 billion, supporting small and medium-sized enterprise (SME) and mid-cap access to credit to the tune of €4.5 billion, together with the completion of major infrastructure work such as the Palermo-Catania railway and the modernisation of the port of La Spezia.