BNL and Eurofidi Agree to Channel €100m to Italian SMEs

Banca Nazionale del Lavoro, of the BNP Paribas Group, and Eurofidi, an Italian Guarantee Provider, signed an agreement to support Italian Small and Medium Enterprises (SMEs).
The €100m plafond will allow SMEs headquartered in the regions of Lombardy, Marche and Abruzzo to finance their working capital needs.
The financing has a duration not exceeding 18 months.
The guarantee from Eurofidi is up to 60% and can activate the counterguarantee of the Government backed Central Guarantee Fund.

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