Project Bank, a digital financial institution focused on services for small and medium-sized Italian businesses and private customers, has adhered to the Sace Conventions “Green Guarantee” and “Future Guarantee”. Thanks to the proposed financeable initiatives, the digital bank controlled by BPL Holdco S.à.rl, an investment vehicle of Oaktree Capital Management, will be able to provide further support to businesses of any size in making their investments. This commitment also includes the scope of the National Recovery and Resilience Plan (PNRR), in which Banca Progetto is already actively involved through the dedicated website.
Banca Progetto is led by Paolo Fiorentino. Founded during a period of transformation in the Italian banking sector, the bank's objective is to quickly become one of the main operators in the household and business credit market.
Sace's Green Guarantee
Through the “Green Guarantee” agreement, companies, in particular joint-stock companies with a turnover of up to 500 million euros, will have access to the 80% guarantee provided by Sace. This guarantee will support investments aimed at implementing low-emission technologies in production cycles, promoting a transition towards sustainable mobility and reducing or preventing environmental pollution.
Sace's Future Guarantee
With “Garanzia Futuro”, we will support the growth process of Italian companies, without turnover limits, on global markets and in the domestic market. This support includes technological innovation, digitalisation, investments in infrastructure, support for supply chains and territories, and female entrepreneurship. Launched in early 2024, Garanzia Futuro offers 70% coverage.
Both guarantees are issued at market conditions, with a standardized and digitalized process, allowing coverage of up to a maximum of 50 million euros per loan.
Through these new agreements with Sace, Banca Progetto strengthens the partnership launched in 2020, confirming its commitment to increasing the country's competitiveness and productivity.
“With Garanzia Futuro and Garanzia Green we at Sace support Italian companies, in particular SMEs, which are a pillar of our INSIEME2025 industrial plan,” he underlined Daniela Cataudella, Head of Dynamic Business Solutions Sace. “An objective that we are pursuing together with the main players in the country system and Italian financial institutions, such as Banca Progetto, which adds to the various partnerships already in place, to strengthen our support for the digitalisation and green transition of our country”.
“2024 represents a key year for the sustainable transition and for the innovation and digitalisation of businesses. We are proud to continue the collaboration with Sace, even after the emergency period. With these guarantee instruments, thanks to our presence throughout the national territory, Banca Progetto will be able to serve a vast clientele who will have the possibility of maintaining the levels of competitiveness and productivity necessary for the development of the country system" he commented Stefano Pezzella, Facilitated Finance Manager of Project Bank.
