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Coronavirus: €15 billion in immediate support to Italian companies

SMEs Industry

Intesa Sanpaolo provides €15 billion – equal to nearly one percent of Italian GDP – to small and medium enterprises (SMEs) through two new extraordinary measures to help businesses face the global Coronavirus crisis.

The goal of the new financing is to support Italian companies from all industries, providing them with the liquidity needed to overcome the economic phase of the crisis. The measures will enable companies to cope with payments, despite the progressive reduction or even absence of turnover, thus protecting jobs.

We have a duty in this phase of extreme urgency to commit every resource, to give maximum support to Italian companies and allow them, once they’ve overcome the current difficulties, to relaunch as soon as possible.

 

Carlo Messina, CEO of Intesa Sanpaolo

We are deploying significant resources, equal to almost one percent of GDP. We can do this because Intesa Sanpaolo has the size, solidity and widespread presence that enable extraordinary interventions throughout the country, giving support to all businesses.

 

Carlo Messina, CEO of Intesa Sanpaolo

 

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