ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(82)862
Vol.1982/0264

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COMMISSION
OFTHE
EUROPEAN COMMUNITIESBrussels,23December1982
FOROFFICIAL USEONLY
GeneralSecretariat
COMMUNICATION FROMTHECOMMISSION TOTHECOUNCIL
Requestforassent,pursuanttoArticle562a)oftheECSCTreaty
tothegrantingofagloballoantoMediocredito Piemontese,Turin
(Italy)
C0MC82)862final

FOROFFICIAL USEONLY
COMMUNICATION FROM THECOMMISSION TOTHECOUNCIL
Subject:Requestforassent,pursuanttoArticle562a)oftheECSCTreaty
tothegrantingofagloballoantoMediocredito Piemontese,
Turin(Italy),
I.FINANCIAL INTERMEDIARY
No.367
Applicant Mediocredito Piemontese (creditinstitute
formediumtermfinancingofSMCinPiedmont
andtheVald'Aosta)
RegisteredOffice Turin
Founderorganisations BancaPopolarediNovara
CassadiRisparmiodiTorino
IstitutoBancarioSaoPaolodiTorino
Associateorganisations PiedmontSavingsandotherBanks,
II.RECIPIENTS Smallandmediumindustrialconcernsand
handicraftactivityinPredmontandthe
Vald'Aosta.
FieldofActivityof ....recipients :Industrial,handicraftandserviceactivities.
RvCde!qLoi200,B-1040BrcsseU-Telephcre35CO40-25JQ-TelegrcpKccd<i'c«»s:COMEL-EBr
Telex:■COMEURBRU 218/7

-2-
III.THEPROJECT
Procédure TheCommissionwillgrantLit.50,000milliontothe
Mediocredito Piemontesecalculatedtoassistin
creating2200jobs.Theloanwillbepaidinproportions
instalmentstoapprovedsubsidiaryloans.Thesubsidiary
loanswillbeapprovedbyCommissiondepartments
pursuanttothecriteriaandaimspublishedbythe
Commission (O.J.NoC178/2of27.7.77andO.J.NoC/82/Iof29.3.79).
Yherateofinterestapplicabletoeachpaymentwillbe
applied,withrebate,tosubsidiaryloans.Theglobal
loanwithalifeof3yearswillcontributetofinancing
smallandmediumhandicraft concernsandsmalland
mediumindustrial concernsinPiedmontandtheVal
d'Aosta.
Mediocredito Piemontesewillsendannualreportstothe
Commission ontheusemadeofthegloballoanand
annualreportsonreemployment offormerECSCworkers
inconcernsfinancedbywayofthegloballoan.
Totalamountof
investment atleastLit.100,000million(±75.30MioECU)
IV,THEREGION
Projectlocation MainlytheProvinceofTurin,theValdAostaand
theVerbano-Cusio-Ossoladistrict.
Unemployment rate Piedmont9.54
Nationalaidstatusof
projectarea :Regionalaidarea
TheECSCindustryhasbeenandstillisamajoremployerinthearea.

-3-
CONFORMITY WITH ARTICLE 56OFTHE ECSC TREATY
ECSC redundancies in
project area :8,400
Jobs tobecreated jOver 2,200 jobs ,ofwhich atLeast 1,500 will be
bytheproject suitable forformer ECSC workers .
Training :Carried out,where applicable ,bylocal organisations
and byloan recipients
TheCommission considers that theapplication complies with Article 562a)
ofthe ECSC Treaty .
VI.GLOBAL LOAN
Loan applied for
Loan tobegranted
Envisaged interest rebate
Job basis bfinterest rebateLit ,50,000 million
The Commission has approved aloan
ofLit .50,000 million (+37.65 MioECU )
orequivalent totheabove mentioned
institution inaccordance with
Art.56application criteria (0JC82,
29March '1979 ).
3percentage points peryear forfive
years on30MioECU .
1500 jobs suitable forformer ECSC
workers ,towhom they will beoffered in
priority .
VII .COUNCIL ASSENT
TheCommission requests theCouncil togive itsassent totheforegoing
deci sion .