Veneto Banca Group e SIMEST, the public-private finance company majority-owned by Cassa Depositi e Prestiti, have signed an important agreement for the development, promotion and dissemination of the opportunities that banks and companies offer the business world on internationalisation.
With this agreement, the two entities will work closely with the aim of promoting these processes and assisting entrepreneurs in their activities abroad.
SIMEST will exploit the institute's network of branches to offer consultancy and assistance services for Italian entrepreneurs in their activities outside the national borders, participation in the creation of investments and the development of commercial exchanges.
The bank will undertake, with its products and services, to facilitate and accelerate the procedures and methods of access to the facilitation and support instruments envisaged by national legislation and currently managed by SIMEST.
“Italian exports have never been so high since 2002 – he declares Cataldo Piccarreta, Market Director of the Veneto Group Bank -. For this reason, in response to the constant attention that the group pays to the needs of SMEs, we are working hard to improve our products and services, which are already widely used by customers. A commitment to optimize our offer that passes through agreements and collaborations with the main players in the internationalization and export processes of Italian companies, such as SIMEST. The agreement we have signed – continues Piccarreta – joins the recent agreements with other subjects on the same subject and marks a decisive step forward in the Veneto Banca Group's offer to support Made in Italy”.
“Through this agreement – he declares Massimo D'Aiuto, Chief Executive Officer of SIMEST – we want to support Italian companies that intend to operate in countries that are still growing to increase their presence, but also in Italy, for production development and innovation and in Europe, where they can, through acquisitions, gain market share. In fact, internationalization at the moment assumes a fundamental role for the development of Italian companies, both as regards exports, which have also registered an increase in recent months, and as regards the stable presence of the most rapidly developing foreign markets. . Thanks to the widespread presence of Veneto Banca in territorial realities in which there are companies of excellence, companies can therefore count on a valid point of reference where they can find assistance and advice also on our integrated tools and services".
Veneto Banca Group is the 12th Italian banking reality for assets under management and is composed by 3 banks in Italy - the parent company Veneto Banca in the North, Cassa di Risparmio di Fabriano and Cupramontana in the Center and Banca Apulia in the South - and by 4 foreign banks (in Croatia, Albania, Romania and Moldavia), to which are added Banca Intermobiliare , wealth management pole, product company and important equity investments.
In the context of internationalization, the Group specializes in consultancy both for those who already operate on the international market and for those who intend to open up to foreign trade. The Group offers professional assistance through the subsidiary Sintesi 2000, with offices in Hong Kong and Shanghai, and thanks to the My Export Friend & My International Friend services, portals that assist and facilitate business with foreign counterparties, both at an information and with specific services and products.
Minession of the Veneto Banca Group is: to be an innovative and autonomous reality, a leader in its own territories, capable of providing quality services and of generating, with ethics and responsibility, value over time for shareholders, customers and employees.
SIMEST SpA is the public-private finance company that since 1991 has supported the development of Italian companies committed to carrying out internationalization projects. Since November 76, 2012% of its capital has been held by Cassa Depositi e Prestiti, while 24% is held by the main Italian banks (Unicredit, Intesa Sanpaolo, Montepaschi, BNL, etc.) and business associations.
It can acquire shareholdings in companies abroad, outside the EU, up to 49% of the share capital, both by investing directly and through the Venture Capital fund. Since 2011, it has been able to acquire, under market conditions and without subsidies, stakes of up to 49% of the share capital of Italian companies or their subsidiaries in the European Union (including Italy), which develop investments in production, innovation and research (excluding the bailouts). It also manages incentives for internationalization activities and provides technical assistance and professional consultancy services to Italian companies that implement internationalization processes. Since 1991, SIMEST has approved 1.217 participation projects in 93 countries, for approximately 26 billion euro of investments.
