EIB and Intesa Sanpaolo Formalize €100m Loan for Italy’s Green Transition

The European Investment Bank (EIB) and Intesa Sanpaolo have entered into a €100 million loan agreement designed to accelerate the green transition for Italy’s public sector and state-owned enterprises. This initiative, led by the EU Bank, is anticipated to spur €200 million in sustainable investments, funding projects such as environmentally-friendly buses, water supply improvements, and waste management systems. Additionally, the funds may support efforts related to Italy’s national recovery and resilience plan.

The agreement was finalized by EIB Vice-President Gelsomina Vigliotti and Nicola Doninelli from Intesa Sanpaolo, offering favorable financing terms for public entities, including extended repayment periods and competitive interest rates. Over the past five years, the collaboration between EIB and Intesa Sanpaolo has resulted in 15 projects amounting to nearly €2.4 billion, contributing to significant infrastructure developments like the Palermo-Catania railway and the Port of La Spezia.

Both Vigliotti and Doninelli emphasized the importance of these investments in achieving climate neutrality and supporting the transition to a low-emission economy. The partnership has also enabled €4.5 billion in credit for small and medium-sized enterprises (SMEs) and mid-caps, reflecting Intesa Sanpaolo’s strong dedication to environmental, social, and governance (ESG) principles.

From 2019 to 2022, the EIB allocated over €45 billion for projects in Italy. Intesa Sanpaolo’s innovative business model encompasses Isybank, its digital banking arm, and Gallerie d’Italia, its network of museums. The bank has also pledged to provide €115 billion in impact lending by 2025 to support the green transition and has earmarked €500 million for social impact initiatives, with the goal of achieving net zero emissions by 2030.

This article was generated with AI assistance and reviewed by an editor.