Institution details
SIMEST (SIMEST)
Key facts
- Established in 1991
- Ownership: Mixed
Not Part of the OECD
Not part of the Berne Union
- Corso Vittorio Emanuele, 323
- None
- https://www.simest.it
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | BBB+ |
Country rating | S&P | Local currency | BBB+ |
Products
- Equity
- Soft loans
- Export credit support
- Other products
Equity
- Simest can make investments in a foreign company with Italian shareholders:
- Simest will take up to a 49% stake in the foreign company and, in any event, no more than the investment of the Italian shareholder
- Investment terms are up to 8 years - Simest can provide an interest rate subsidy on a loan obtained by the Italian promoter’s share in the foreign company
- Subsidy can be up to EUR 40 million per project and EUR 80 million per economic group
- Subsidy is applied to 90% of the Italian shareholder’s share, up to 51% of the foreign company’s equity
Soft Loans
- Simest can provide subsidized financing to widen Italian companies’, especially SMEs’, presence in foreign markets:
- Participation in trade fairs, exhibitions, and business missions to promote Italian businesses in new international markets
- Feasibility studies for evaluating investment opportunities abroad
- Programs for entering non-EU markets
- Capitalization of exporting SMEs - Technical assistance programs to finance personnel training
Export Credit Support
- Simest offers export credit support, in the forms of buyer credit and supplier credit to benefit Italian exporters of capital goods
- Interest rate support is available on bank loans, allowing exporters to offer foreign buyers payment deferrals on medium/long-term orders under conditions and interest rates in line with OECD agreements
Other Products
- Simest manages EU funds, which are instruments for granting and attracting additional financing for significant investments in the transportation, energy, environmental, and social sectors