BAKU, Azerbaijan, March 7. The European
Investment Bank (EIB) has agreed to lend 70 million euros to
Mediocredito Trentino-Alto Adige, with the support of insurer SACE,
Trend reports.

According to the bank, this funding aims to back environmentally
sustainable investments by companies in Italy, including support
for their working capital. The first portion of 35 million euros,
with 80 percent guaranteed by SACE, was signed today.

This EIB loan will help Mediocredito Trentino-Alto Adige provide
additional funding to companies on favorable terms. This, in turn,
will make it easier for these companies to access long-term
financing with more competitive interest rates.

The agreement is expected to unlock over 140 million euros in
total investments in the real economy, with at least 25% dedicated
to projects promoting the green transition. Approximately 70
percent of the funds will support small and medium-sized
enterprises (SMEs), while the remaining 30 percent will go to
mid-sized companies.

In addition, the EIB and Mediocredito Trentino-Alto Adige have
signed an advisory agreement to boost investments supporting the
green transition. The EIB advisory services, part of the Green
Gateway program, will assist Mediocredito Trentino-Alto Adige in
evaluating the eligibility of green projects and monitoring their
impact. This collaboration also aims to enhance Mediocredito
Trentino-Alto Adige’s understanding of the EU taxonomy and
encourage the development of new financial products dedicated to
climate action.