From CDP and Intesa Sanpaolo, €800 million for the social impact investments of Italian SMEs and mid-caps

Cassa Depositi e Prestiti fully subscribed the new social bond issued by Intesa Sanpaolo aimed at granting lines of credit to companies

The resources will be put towards supporting initiatives with a positive social impact: at least 51% should be allocated to smaller companies

Thanks to the long-standing partnership between the two institutions, since 2021 CDP has made available €2.8 billion in resources to the national business system

Rome/Milan, 23 February 2024 - Making €800 million in new resources available to micro, small and medium-sized Italian companies for their sustainable growth programmes with a positive social impact. This is the aim of the Social Bond issued by Intesa Sanpaolo and fully subscribed by Cassa Depositi e Prestiti (CDP).

In detail, the credit institution will use these resources to disburse new lines of credit of up to €20 million with a minimum term of two years to Italian SMEs and mid-caps for initiatives in line with the Intesa Sanpaolo Green, Social and Sustainability Bond Framework, published in June 2022. In addition, in order to foster the growth of smaller companies, the agreement stipulates that at least 51% of the total amount of financing will be made available to SMEs.

The joint initiative by Intesa Sanpaolo and CDP springs from a desire to support the Italian business community in a constantly evolving market, by expanding possible access to financing to help achieve even the most complex investments, while also fostering the transition to a sustainable economic model for the companies benefiting from the lines of credit, with a positive impact on the local area as well.

The transaction is part of the broader collaboration between CDP and Intesa Sanpaolo to promote joint initiatives for Italian companies that since 2021 has made available resources of €2.8 billion, which by the end of 2023 had already supported over 1,300 Italian SMEs and mid-caps to boost Italy's real economy.

Intesa Sanpaolo

Media Relations

Corporate & Investment Banking and Governance Areas