Loans for companies in difficulty: all measures

In the difficult economic context caused by the COVID-19 emergency, Intesa Sanpaolo has renewed its collaboration with the European Investment Bank Group (EIB and EIF, European Investment Fund). Through the accumulation of resources, it will be possible to provide new loans for over € 2.8 billion available to over 200 thousand Italian small and medium-sized enterprises and midcaps that fall within the customer base of Intesa Sanpaolo for research projects, innovative investments and cope with the liquidity requirement.

Italian companies will be able to access new credit at favorable conditions, also in combination with the COVID-19 measures provided for by the Government's Liquidity and Relaunch Decrees, benefiting from the guarantee of the Central Fund and Sace.

Through European Structural Funds, a project with the Sardinia Region relating to the tourism sector will also be financed (another is being finalized with the Sicily Region) and an agreement is intended to finance the training course of university students.

The contracts signed in 2020 between the EIB Group and Intesa Sanpaolo include the synthetic securitization of an existing loan portfolio for approximately € 2 billion created as part of the "GARC" program (Gestione Attiva Rischio di Credito), which will allow, by optimizing the risk, to make new loans available for a total of 450 million.

An innovative social housing project is also being finalized through urban redevelopment interventions that provide for energy efficiency in the areas involved.