MCC Adopts the Revised Equator Principles

Rome - 05 February 2007

MCC (Capitalia Banking Group), which was the first Italian bank and among the first financial institutions in the world to adopt the Equator Principles (“EP”) in July 2003, has now also adopted the revised version that conditions its financial participation in project finance operations upon very stringent social and environmental impact requirements.

The new set of EP, adopted by over 40 financial institutions worldwide, are jointly developed guidelines to promote “sustainable” business. Fruit of a shared three year experience of a core group of banks that adopted the EP from the very beginning, these principles are intended to address in a direct manner the concerns expressed by non-governmental organisations (“NGO”) and environmental groups. The latest revised EP not only require adhering financial institutions to assess even more keenly the potential social and environmental risks associated with projects being financed but also increase considerably the scope of application to include projects starting at USD 10 million instead of the former USD 50 million threshold.

MCC, the leading Italian bank in Project Finance in the infrastructure and energy sectors, has more than doubled its disbursement volumes over the last 2 years, mainly thanks to increased investments in these two sectors and specifically in renewable energy projects. By adopting the revised EP, MCC’s confirms that its commitment to social and environmental responsibility is an integral part of a specialised, professional operating approach to Project Financing.

For further information:

MCC S.p.A.
External Relations
Marcello Parisi
Tel. 06 4791 2160
Fax 06 4791 2219
e-mail: JLIB_HTML_CLOAKING

MCC SpA - CAPITALIA Gruppo Bancario - Via Piemonte, 51 - 00187 Roma
Tel 06 4791 2545 – Fax 06 4791 2219 - www.mcc.it