The competitive capacity of businesses is a key driver for a sustainable economic and social development in our country and, for a bank with strong local roots such as Intesa Sanpaolo, the capacity and propensity to understand better businesses and their operating and strategic needs become even more important, in order to be a reliable partner in the growth and development stages, but above all in times of difficulty.
Support for Manufacturing
In 2020, Intesa Sanpaolo allocated about 87 billion euro of new medium-long term loans to the real economy. Around 77 billion euro was granted in Italy, 63 billion euro of which to households and SMEs. In 2020 the Group facilitated the return from non-performing to performing status of around 11,500 Italian companies (123,000 since 2014), with a positive impact on employment through the protection of 57,000 jobs.
In response to the COVID-19 emergency, Intesa Sanpaolo immediately adopted some extraordinary measures first and then promptly implemented the measures specified in the government Decrees, through initiatives of effective help to businesses to support them in these times of difficulty: the suspension of repayments of loans and the allocation of a credit line of 50 billion euro, with a focus on the sectors most affected by the crisis (tourism and trade). For more details, one should refer to the section “Support for households and businesses to deal with the COVID-19 emergency”. By August Intesa Sanpaolo had already made available the tools allowing people to benefit from the Superbonus and the other building bonuses and in September they were set under way, also later extending the offer to the UBI Banca network customers, thanks to the progressive business integration of the two banks.
To facilitate access to credit, the Bank developed an innovative rating model - validated by the ECB - in collaboration also with Confindustria Piccola Industria. In addition to the usual economic and financial assessments, the new model aims to make it easier to access credit, at more favourable financial terms, by basing the assessment also on the intangible qualities of the business, such as trademarks, patents, quality and environmental certifications, research and development activities, innovation and digitisation, development and competitive positioning projects, management of the business risk and being part of a supply chain.
In 2020, the entire national economy was deeply affected by the devastating effects of the pandemic. From February onwards, thanks to agreements with national associations, the Bank was able to provide businesses firstly with its own extraordinary measures to support liquidity and immediately after with further actions in support of operators in the economy, in accordance with the legal provisions that were issued throughout the year (Cura Italia Decree, and the Liquidity, Relaunch and Relief Law Decrees). The agreements were the subject of widespread dissemination through numerous webinars, both nationally and in individual areas, through the involvement of a large number of participants, including associated companies. The themes common to many agreements involved basically three main areas: the first, supporting corporate liquidity and working capital, with short, medium and long term loans, also with government guarantees from the Central Fund and SACE, the extraordinary moratoria and the enhancement of Supply Chains and support for internationalisation; the second related to innovation and sustainability, with particular attention to ESG issues, the Circular Economy and innovative Start-ups; the third and final area was to encourage working from home and to ensure protection and insurance and health cover.
The following is a list of agreements signed with the main trade associations in 2020, mentioning only those that are of national importance:
- Confcommercio Imprese per l’Italia
- Confartigianato Imprese
- CNA - Italian Confederation of Craft Trades
- Confapi - Italian Confederation of small and medium-sized private industries
- Federturismo, Confindustria Alberghi and Federterme
- ANCE National Association of Construction Companies
- Federlegno Arredo
- Anima Confindustria Meccanica Varia
- Confindustria Intellect
- Assopellettieri - Italian Association of Furriers
- CDO Compagnia delle Opere
- Finco - Federation of Industries for Products, Plants, Services and Specialist Works for Constructions and Maintenance
The relational Industrial Dialogue approach supports the new way of making Bank: It enables business managers to assist entrepreneurs in their growth and development pathways, thanks to a better understanding of the peculiarities of their companies and the sector in which they operate and the possibility of providing answers and solutions adapted to their objectives. It has the aim of increasing the "strength of the relationship" of managers with companies, identifying a common language for a better understanding of their needs, oriented to offer solutions better suited to the objectives and peculiarities of each company.
Considering that many small and medium enterprises are part of complex supply chain networks, often with strong relationships at local level, since 2015, another project called “Programma Sviluppo Filiere” was launched to support the growth of manufacturers of excellence by creating an innovative model of collaboration between the Bank and the Lead Company.
Designed to facilitate access to credit, at the end of 2020, there were around 763 participating lead companies with potentially 18,400 suppliers and a workforce of 98,000 employees.
This attention is also reflected in the analysis that the Studies and Research department carries out regarding local economies and production chains with the aim of identifying customer needs and strengthening its product model, by facilitating access to credit, the various forms of production aggregation and the promotion of companies with a recognized strategic role in the chains.
The Welfare Hub service offers corporate welfare programmes through a digital multimedia and multi-channel platform - that can be browsed via PCs, tablets and smartphones and is accessible also via App - which allows the company to offer its employees a set of goods and services called Flexible Benefits, instead of company bonuses in their payslips, that enjoy tax benefits both for the company that offers them and for the employee who receives them. At the end of 2020, the Welfare Hub was enhanced as a sustainability tool by the “Sviluppo Filiere” programme and by the S-Loan project and has 3,037 companies that have signed up to the platform.
Business Gemma funding supports women's and self-employed women's companies, benefiting free of charge from the special section of the SME Fund for Women's Entrepreneurship. In 2020, 93 loans were provided for 13.2 million euro.
In order to create business development and acceleration opportunities for the most promising technological start-ups, Intesa Sanpaolo developed several initiatives, such as the Nova+ financing programme, the Intesa Sanpaolo Start Up Initiative and the Tech Marketplace digital platform, that enables startups, SMEs and big companies to match their technology needs and offers, with the aim of creating partnerships, commercial agreements and acquisitions.
Advanced services for companies
The Group's offer, through Intesa Sanpaolo Forvalue, includes a series of non-financial services in the areas of subsidized finance, to support business investments with a view to Industry 4.0 and Transition 4.0, training, research and development; lean management, to enable the transformation of business and production processes; credit recovery; visual communication and design thinking services. In addition, it promotes assessment and assessment services of entrepreneurs' skills, as well as training and mentoring services.
Support for Public Administration
In order to promote the country's development and economic growth, Intesa Sanpaolo has six priority areas for intervention:
- credit for infrastructure projects
- support for the health system, universities and scientific research
- improvement of public services
- backing financial stability of the Public Administration
- financing urban development projects and area enhancement
- innovation of complex administration procedures to simplify banking operations for public bodies and companies.
Last updated 6 May 2021 at 14:38:30