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SIMEST (SIMEST)

Key facts

  • Established in 1991
  • Ownership: Mixed
Not Part of the OECD Not part of the Berne Union

Latest update: 03/12/2021

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


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