Intesa Sanpaolo runs to the aid of tourism. The Group led by Carlo Messina has prepared a package of solutions dedicated to companies in the sector and related industries, which allows them to overcome a period of difficulty, safeguard employment and lay the foundations for a recovery that is certainly postponed compared to other sectors of the economy.
In detail, companies in the tourism sector can access the following extraordinary measures dedicated to them. First thesuspension of medium/long-term loan installments for up to 24 months outstanding, for the principal amount only or for the entire installment. The suspension can be requested at the branch, even with remote processes.
A ceiling of 2 billion euro of loans to support liquidity and investments through medium-long term solutions, with a duration of up to 6 months and with a grace period that can reach up to 36 months, through the guarantee made available by the Guarantee Fund or Sace.
The initiative is an integral part of the extraordinary measures already launched in recent weeks by Intesa Sanpaolo to support the Italian economy, businesses and households, also thanks to the measures launched by the Government: 50 billion euros of total credit in favor of the country for the Covid-19 emergency.
The entire tourism chain has suffered the most immediate repercussions of the Coronavirus emergency, with evident repercussions in social and economic terms.
In terms of GDP alone, the direct contribution of tourism in Italy is equal to 13%. including "connected" activities such as catering, shows, sporting events and conferences.
An impact that has a significant impact on the social as well as the economic side, and which primarily concerns workers in the sector, which number almost 2 million in the core sector of hotels and restaurants compared to around 400 businesses.
Unlike manufacturing firms, forecasts from the tourism sector are long-lasting, also considering all the precautionary measures envisaged by the start of Phase 2, including reduced national mobility and the possibility that many major events will only be rescheduled after the epidemic is over. So much so that for the summer season, regional tourism is expected and more oriented towards second homes.
Tourism is one of the main engines of our economy: with thousands of businesses and millions of jobs. So helping tourism means supporting Italy's restart.
“For Intesa Sanpaolo – he said Stefano Barrese, head of Banca dei Territori of Intesa Sanpaolo – which has support for businesses and families in the territories in which it operates in its DNA, being alongside companies in this important sector means being alongside one's country, according to those principles of social responsibility which are part of our very identity and operation."
