Mediocredito Italiano, the bank of the Intesa Sanpaolo group specializing in financing for the development of small and medium-sized enterprises, and Sace BT, a company specializing in credit insurance, sureties and construction risk protection, have signed an agreement to support the producers of works audiovisual, cinematographic and television and facilitate access to credit at a crucial time for the economy of the sector.
Intesa Sanpaolo, through Mediocredito Italiano as a bank specialized in supporting SMEs, will be able to provide film industry operators with a complete service, which includes: financial coverage of project costs; a dedicated specialist service, by the Media & Entertainment Desk, with particular attention to the time lag between financial income and expenditure, typical of the sector, structuring the most suitable forms of financing; the surety policy requested by the main clients (such as RAI, SKY and Warner) to guarantee the obligations assumed with the audiovisual production contracts.
"This agreement aims to strengthen our role as a specialist bank which has a leadership position in supporting the film sector," said Carlo Stocchetti, general manager of Mediocredito Italiano. “We continue to follow the path, undertaken for several years, which has allowed us to acquire particular skills in strategic sectors for our country. Our structures are in fact characterized by the ability to understand the technical-industrial validity of the initiatives, for a dynamic and prospective analysis of the company, to complete the traditional creditworthiness analysis. Being a partner of SACE BT means making 360-degree assistance and consultancy services available to entrepreneurs in the film sector to concretely encourage and support the growth of their business and the country's economy”.
“Access to credit is today a crucial point for business growth – continued Claudio Andreani, general manager of SACE BT -. In an adverse economic situation such as the current one, we believe that this synergy with Mediocredito Italiano can significantly facilitate the disbursement of loans, making an integrated package of services available to companies and enabling sustainable planning of growth projects. We are very pleased to be part of this initiative, which confirms and strengthens SACE BT's support for a sector that has not only economic, but also cultural value for our country".
