The initiatives of the banks in Italy on the suspension of installments or the extension of loans to SMEs continue at full speed. Between October 2013 and October 2016, a total of 60.150 applications for suspension of installment payments were accepted for a total residual debt value of 20 billion euro and greater liquidity available to companies of 2,4 billion euro.
In addition, 10.962 requests were accepted to extend the amortization plan equal to 2,9 billion euros of residual debt. This is the result of the monitoring - communicates ABI - which considers the ongoing results of the 2015 Credit Agreement, an initiative signed on 31 March 2015 with all the other Business Associations and in force until 31 December 2017, with the previous ' Credit Agreement 2013'.
The analysis on the distribution of applications for economic activity of the applicant undertaking shows that:
• 25,4% refers to companies in the “commerce and hotel” sector;
• 14,4% refers to companies in the "industry" sector;
• 18,5% refers to companies in the “construction and public works” sector;
• 9% refers to businesses in the “handicraft” sector;
• 6,9% refers to companies in the "agriculture" sector;
• the remaining 25,8% to "other services".
It should be emphasized that the new 2015 Credit Agreement also allows to suspend the loans that have already benefited from this instrument in the past years, with the exception only of those for which the suspension was requested in the previous 24 months.
