SIMEST is 76% controlled by SACE and is invested in by leading Italian banks and business associations. It was created in 1991 with the aim of promoting the internationalisation of Italian companies.
SIMEST works alongside companies through their whole cycle of international development, from the initial assessment of the opportunity of entering a new market, up to expansion by taking a stake in the share capital of foreign or Italian companies. It operates through subsidised loans for internationalisation, export credit, and participation in risk capital.
It is a member of the EDFI - European Development Financial Institutions network and it is a partner of the main global financial institutions.