The factoring company of the SACE group, SACE Fct and Cariparma Crédit Agricole Group have signed an agreement aimed at support companies supplying the Public Administration for liquidity needs and for the improvement of cash flow management.
The agreement will make available a initial ceiling of 75 million euro intended for corporate clients of Cariparma Crédit Agricole who can contact directly the 900 bank branches of the group to learn about and access the services offered by SACE Fct.
Frank Pagliardi, General Manager of SACE Fct, explained how “In a situation in which more and more companies are looking for new tools to better manage their cash flows, SACE Fct is committed to growing its presence in the area. Today's agreement is an important step forward in this direction: it sees us collaborating with one of the major banking groups operating in Italy, with a long tradition of supporting our entrepreneurial fabric".
Charles Piana, Central Corporate Manager of the Cariparma Crédit Agricole Group, "said he was happy to be able to offer the Group's customers the services of SACE Fct in such an important and delicate area as that of loans to the Public Administration."
The complete press release is available in the attachment.
Attachments: SACE Fct-Gruppo Cr�dit Agricole Cariparma press release.docx
