Banca Popolare dell'Emilia Romagna (BPER) and SACE have signed a new agreement which makes available to exporting SMEs 100 million euros of short-term financing intended to support working capital needs relating to export operations and the execution of works abroad or internationalization projects.
credit lines, guaranteed by SACE up to 70%, will have a minimum amount of 50.000 euros and will not last longer than 18 months.
The agreement also provides that part of the fund (30 million) is intended exclusively to companies affected by seismic events of the past months. These companies will be able to apply for loans on advantageous terms also for the reconstruction of damaged plants and for the restoration of production activities. The remainder of the ceiling is reserved for corporate clients of the BPER Group.
“This new agreement with SACE - observes Luigi Odorici, managing director of the BPER group - is particularly important because it intends to give concrete answers to the needs that come from the business system. The objective is twofold: on the one hand, to support the recovery of production in the areas affected by the earthquake, an activity in which BPER is engaging with various methods of intervention; on the other, to work alongside companies, especially small and medium-sized ones, which need to strengthen their internationalization processes to face an unfavorable economic situation”.
“In a context of crisis destined to last for a long time to come, in a framework that sees the best opportunities coming from emerging economies, exports and internationalization are a must for our companies – said Raoul Ascari, Chief Operating Officer of SACE -. The agreement signed today with BPER strengthens support for the international development paths of SMEs, a segment that is most affected by the difficulties in accessing credit; last but not least, it allows us to renew our commitment alongside the many Emilian industrial excellences with which SACE has been working for years and which we are certain will always represent a source of pride for our country”.
The complete press release is available at the following address.
