BAKU, Azerbaijan, March 31. The European
Investment Bank (EIB) and Banca Popolare di Sondrio have signed an
agreement to mobilize over 300 million euros for small and
medium-sized enterprises (SMEs) and mid-caps in Italy’s agriculture
and bioeconomy sectors, with a focus on green projects, Trend reports.
This is the first operation in Italy under the EIB’s 3 billion
euro package dedicated to agricultural SMEs.
The initiative includes a 150 million euro covered bond issued
by Banca Popolare di Sondrio, fully subscribed by the EIB, with an
additional 150 million euros from five participating banks. The
funds will support projects such as renewable energy installations,
soil improvement, and animal welfare enhancements.
Other financial institutions from the Luigi Luzzatti banking
consortium, including Banca Popolare di Fondi and Banca Popolare
Pugliese, are involved to ensure the widespread distribution of
funds, particularly in economically disadvantaged regions. At least
30% of the resources will be allocated to climate action, water
efficiency, and biodiversity protection projects.
