The objective is to support economic growth and promote the territorial cohesion of businesses, offering them a greater range of financial tools and opportunities
According to Antonio Patuelli, president of the ABI: "There is an alarm of bankruptcies: many have arrived unprepared for the shock of the rate hike".
According to the Italian rating agency specialized in assessing the creditworthiness of companies, the economic fabric is healthy. So much so that companies are expected to raise funds
Positive meeting at Palazzo Chigi between the government and the categories of the sector. The way indicated by the government for the release of problem loans would be the use of the F24. Giorgetti: «Deflating the problem loans bubble»
According to the CPI Observatory, the measures to support corporate liquidity have reduced bankruptcies by 13% in 2 years - At the same time, however, deposits have soared by 42%
The credit intermediation business on the web is also growing in Italy. Fast loans, good returns, technological innovation. A way to diversify investments, but with caution.
In November, loans to households grew by 0,8% over the year, while those to non-financial companies increased by 0,2% for the first time since April 2012 - Bad debts over the 200 billion gross wall.
The two main Italian banks will transfer their credit and equity exposure relating to a selected number of restructuring companies into a vehicle managed by the Italian platform launched by KKR Credit.
The President of the Italian association of insurance companies believes that it is "necessary to create the right conditions and balance for this activity to develop", since "entering the logic of credit is not easy" - According to Rossi, president of IVASS , it deals with…
Starting today, interested companies can apply online to book "the resources necessary for the granting of the guarantee by the Fund in relation to microcredit financing".
From the Intesa Sanpaolo analysis, an update on the situation of the banking system in emerging European markets, with particular attention to the level of loans, non-performing loans and deposits, without neglecting the important aspect of the profitability of credit institutions.
According to Palazzo Koch's survey on bank lending in the Eurozone, the easing of loan offer criteria continued in the first quarter of 2015 - A sharp increase in loan applications in the current quarter.
In the next meeting of the Council of Ministers, Prime Minister Matteo Renzi plans to choose Cottarelli's successors for spending: Gutgeld and Perotti in pole position - but the new spending will be different and will mainly aim to reduce…
Banca Ifis' 2014 financial results are clearly against the tide of the general scenario: support for businesses and households is growing (+13,1%) but non-performing loans are down - Bossi: "An excellent year of vigorous growth" - Pay out online …
After an initial diffidence, the markets are beginning to appreciate the European Banking Union in view of the launch of the ECB's Supervision on 4 November - An analytical test conducted on three banks listed but excluded from European Supervision - the German Wuenstenrot…
Bank loans to households and the private sector continue to fall in August on an annual basis - A decrease in interest rates on loans to households for the purchase of homes should also be recorded - The rate of…
ECB SURVEY - Between April and June, euro area banks signaled a net easing of credit standards applied to loans to both businesses and households, even though credit standards remain…
Three financial scenarios are foreseen towards the end of the year: the escalation of the Ukrainian conflict will continue to weigh on European growth; an increase in lending to European companies possible towards the end of the year; lower raw material prices than…
According to the CGIA study of Mestre and Unioncamere Veneto, the cuts in the annual fee owed by companies to the Chambers of Commerce, included in the Public Administration bill, will cost 400 million less investments in the area under the…
President Bassanini and CEO Gorno Tempini illustrated "second-level" privatization to the Budget Commission of the Chamber: lightening equity investments to be able to give credit to companies - Recent or imminent operations include the listing of Fincantieri and…
The premier spoke about the tasks of the banks, in light of the latest intervention by the ECB: "They no longer have an excuse for not giving credit to businesses" - Padoan: "Fiscal uncertainty harmful to growth. We need to fight tax evasion" - Today report…
The insurance-financial group active in export credit has guaranteed a 200 million dollar loan in a large operation which involves Italian companies in the construction of a petrochemical plant in Vietnam.
The Milanese institute has signed an agreement with the European Investment Fund as part of the "Progress Microfinance" initiative - The agreement provides that Bpm will make loans available for a sum of less than 25 thousand euros for a total of 8 million, from…
FOCUS BNL - With the crisis, the role of guarantees has grown as a factor facilitating the relationship between banks and customers - Between 2007 and 2012, the stock of loans to businesses backed by guarantees (real and…
Not only tax wedge and the Jobs Act - The Council of Ministers will launch other measures aimed at relaunching the economy: on housing, on school construction, for the acceleration of arrears payments by public administrations - All seasoned with a sprinkling of simplifications, …
We republish the summary of the Astrid plan by Franco Bassanini and Marcello Messori which is making a strong comeback these days because the new Minister of Economy Pier Carlo Padoan is studying it with great interest and seems willing to do it right…
The new premier has indicated liquidity for businesses and the double-digit reduction of the tax wedge as a priority of economic policy, but with too much vagueness on the methods and sources of financing - This is why his speech…
Companies that export to international markets and are looking for tools to protect against foreign defaults must not forget the risk of non-payment with respect to an Italian counterpart. Euler Hermes Italia illustrates the trends of non-payments of national companies:…
The funds will be made available through a series of financial instruments, including the 600 million euro Agribond - Unicredit signed today in Verona, as part of the Fieragricola, an agreement with Sgfa-Ismea and with the main associations of category…
In giving the go-ahead to the proposed amendment, which will shortly be presented to the Senate Budget Committee, the Executive "resolved the doubts" regarding the attribution to the Treasury of the function of guarantor for the loans of Cassa depositi e prestiti.
A 1,5 million loan disbursed by Cariparma Crédit Agricole was guaranteed, intended to support the growth of the well-known Neapolitan brand in emerging markets, the best pool of opportunities for Made in Italy in the coming years.
UniCredit has structured a complex financing transaction worth 30 million in support of the Brescia-based company, capable of doubling its production of metallic silicon and thus increasing its competitiveness.
Two 8 million credit lines have been guaranteed, disbursed by Intesa Sanpaolo and UniCredit, to support the expansion of the Padua-based company in China and Hong Kong, key markets for excellent products in the Far East.
The Head of State in a message for World Savings Day: "The contribution of the banking and financial system cannot be missing, starting with an adequate expansion of loans to businesses, especially small and medium-sized ones, in a more…
Banca Etica has started a collaboration with the Anti-usury Interest Man Foundation, together with which it has set up a guarantee fund with which it will be possible to request a loan for youth social enterprises - The initiative starts from Francesco Russo, senator…
According to a study by Confcommercio, in the second quarter the number of companies that received loan applications fell to 26,9%, the "lowest percentage ever reached from 2009 to today" - But for Patuelli these numbers "do not…
The loan disbursed by Cariparma to support the Caserta company was guaranteed, with the construction of the new production plant in Brazil, a country which represents the third foreign market in the SACE portfolio.
Palazzo Madama approves the provision, which now passes to the Chamber in a race against time before the summer break - The package includes various measures: the postponement of the increase in the third VAT rate to October, the unblocking of others…
The association of Italian machine tool manufacturers underlines how essential access to credit and investments in production technology are to transform internal demand into real consumption.
Atradius' updates on corporate payments in Western Europe underline that, in the difficult liquidity environment for manufacturing activities, credit management practices in Italy are the least effective in the region.
The SACE press release underlines the more than doubled net profit compared to the same period of 2012, the opening of the new office in Mexico City, commercial hub for Central America and the Caribbean and the positive results of the subsidiaries.
The central bank said that the decision, effective from tomorrow, will reduce financing costs for companies and improve resource allocation processes, supporting the real economy and adjustment processes.
The CDA, which met after the appointments of the Shareholders' Meeting of 2 July, appointed Alessandro Castellano, the proponent of the transformation from public body into SpA, as Chief Executive Officer for the next three years.
Yesterday the protagonists of the financial sector decided to meet to talk about the credit crunch, which now damages "even healthy companies", as Saccomanni himself recognized - The goal is to reduce the weight of banks in the general system of…
SACE announces the finalization of two loans in favor of Eskom Holdings SOC Limited (Eskom), in an investment program to diversify energy sources and respond to the growing internal demand of the African country.
According to an analysis by the ECB, small and medium-sized enterprises in our country have to pay interest on loans that are more than one percentage point higher than those of a large company – "For Italian and Spanish SMEs, the differentials have…
The Governor of the Bank of Italy at the ABI's annual meeting: "There will be no lasting recovery in the absence of sufficient financial support for businesses" – "Loans -5% between April and May, bad debt rate in the first quarter at 4,5%" –…
The factors that lengthen the payment times of Italian companies compared to the western European average are to be found in the credit crunch and in the difficulty of recovering outstanding credits, therefore in the country's institutional inefficiencies.
SPEECH IN THE CHAIR OF ROBERTO NICASTRO, DG UNICREDIT - "The system of partial public guarantees does not eliminate the risk for banks and for the other stakeholders of the company, but it mitigates it, absorbs little public deficit and has a driving effect...
The reference commercial interest rates applicable from 15 June 2013 to 14 July 2013 inclusive, applicable to export credit operations, are available on the website of the Ministry of Economic Development.
As for bank non-performing loans, they grew by 22,3% in April (21,7% in March) - Private sector deposits, on the other hand, increased by 7,1% (7% in March) - The annual growth rate of bond funding, including the…
For the first time, SACE will discount the receivables without recourse from a pool of banks of which Banca UBAE is the agent and leader, in an operation which envisages the granting of a 50 million euro credit line for the construction…
The rating agency maintains that to deal with the tightening of bank credit more and more Italian companies, including medium-sized ones, will increase their recourse to bond issues, which last year reached 20 billion euro.
There were 247 votes in favour, no votes against, 7 abstentions. Now the provision will return to the Chamber for the third reading - The text releases 40 billion euros in two years to pay off part of the debts contracted…
To use the ceiling made available to our companies by the EIB, four areas of intervention have been identified: in addition to loans for small and medium-sized enterprises (400 million) and for mid-caps (50 million), other lines of credit are …
The president of Confindustria at the annual meeting: "We need to reduce the wedge, eliminating the cost of labor from the IRAP taxable base and cutting the social security contributions that weigh on manufacturing companies by at least 11 points" - On the subject of work "we need to guarantee…
Intesa Sanpaolo's analysis indicates that the current crisis and recession scenario is aggravated by the lower weight of loans compared to GDP, while the exchange rate risk and inadequately hedged non-performing loans weigh on households and businesses.
This is foreseen by an amendment approved in the Budget Committee of the Chamber to the decree that defines the terms for liquidating 40 billion to companies between 2013 and 2014 - On the other hand, the hypothesis of making sure that the repayment of debts…
Although GDP growth is expected to be driven by the export of raw materials, Intesa Sanpaolo underlines how the limited production diversification and the weak financial position of the companies represent the country's vulnerabilities.
Loans to businesses and households fell by 2,3% in March - Mortgage rates return to the levels of October 2011 - In one year, an 18,6% increase in gross non-performing loans - Torriero (ABI director): “The problem of…
According to the Crif Barometer, requests for loans from Italian companies decreased by 3% in March - Aggregate demand for the first three months of 2013 shows a growth of 0,97% compared to the same period of the year…
The insurance giant has stipulated an agreement with the Cariparma Crédit Agricole Group capable of improving the creditworthiness of companies and facilitating their access to short-term credit, also thanks to the new Food Più product.
After Squinzi's pressure and the EU Commission's openness to the use of public funds to pay off debts to businesses, today the Government has taken action: in the second half of 2013, 20 billion euros will be released.
This would be the scenario for the next five years if at least 48 billion was repaid to businesses. Giorgio Squinzi, president of Confindustria, is convinced of this, also on the basis of data from the Viale dell'Astronomia Study Center.
The VAT credits due to over 4.300 companies will be made available by the Ministry of Economy and Finance. This is an amount of approximately 1,2 billion euros. With this new liquidity injection, the total amount repaid in…
The main Italian insurance-financial group has opened a new facility for businesses in the provinces of Brescia, Cremona and Mantua. PMI NO-STOP was also launched, the offer for businesses with less than 250 employees and 50 million in turnover.
According to data released by the ECB, loans to businesses and households fell in January, by 0,9% on an annual basis - The trend is worsening compared to December - The general monetary aggregate M3 is slightly up.
FOCUS BNL - The deterioration of the loan portfolio is above all hindering a more favorable trend in corporate credit - At the latest survey (September 2012) the annual default rate of corporate loans was 3,3%, more…
The January figure recorded by the ABI represents the clearest annual decline since 1999 - Bad debts are growing.
The latest data published by the MiSE indicate that last year, to counter the credit crunch, 8,2 billion euros of credit and 4 billion euros as a guarantee were disbursed to SMEs, mostly industries, even if without guarantees…
SACE Fct has finalized an agreement which provides for the allocation of a ceiling of 75 million euro by Cariparma Crédit Agricole for companies supplying the Public Administration
According to Atradius, the performance of Italian exports follows the country's loss of competitiveness, measured by the real effective exchange rate and aggravated by the ineffective financial support of lenders and PAs.
Strengthening the Ukrainian banking system is a priority for the revitalization of local investments and consumption, but it cannot be separated from new commercial strategies and rules of the game capable of regulating exchange rate and energy risks.
This was reported by the European Central Bank's monthly monitoring of monetary aggregates - The picture of credit to the private sector worsens, -0,7% in October, with a sharp drop in loans to businesses (-1,8%) - Credit slightly improves to families,…
Credit to households instead slowed to +0,1% - Loans to the private sector decreased by 0,8% compared to last year.
According to a survey by the European Central Bank, in the last quarter the share of loans refused to small and medium-sized enterprises in the euro area rose to 15% - The net share of companies reporting declines in turnover rose to 10%.
Today in Milan, the UniCredit Export Business School 2012 dedicated to female entrepreneurship: 150 female entrepreneurs meet Bank experts and university professors to face the challenge of foreign markets
The big banks are correcting the course trying to gain space on the smaller markets but the difficulties are not few and the doubt remains that this does not lead to greater financing for local economies and that the use of online…
New agreement of the factoring company of the SACE group aimed at promoting its products and helping businesses, especially medium-small ones, in difficulty due to late payments by the Public Administration
Two of the four decrees presented by the Government relate to the simplification and streamlining of the procedures for certifying credits owed to the PA, the effect will be to speed up and facilitate access to liquidity by creditor companies
In his first report to the Assembly of Industrialists, the new president Giorgio Squinzi talks about four priorities: the reform of the public administration, the "payments of public administration debts", the "cuts in public spending" and "business credit" - The reform…
Lending to households and businesses is growing slowly, but the deposit market appears to be recovering - Comforting signs for average rates, down for loans to businesses and mortgages - Bank non-performing loans are decreasing.
Start-ups, films, blogs, musical groups, even political campaigns: for those who have an idea and don't know where to find the funds to finance it, the Web offers a solution - Crowd sourcing allows you to advertise your idea on a site and…
These are the proposals that President Mussari will bring to the table tomorrow with Minister Passera - The ways to solve the problem of the state's debts with businesses will not be alternatives to each other, but will be viable together and will contemplate…
The two groups have reached an agreement to support the internationalization projects of SME customers of the BCCs through loans amounting to 75 million euros allocated by Iccrea and 70% guaranteed by Sace
Between now and 2015, Unicredit will guarantee loans for 40 billion to businesses, another 35 for families - A plan is also envisaged to encourage the internationalization of 15 companies - Ghizzoni: "There is distrust towards banks. We are willing to…
According to the latest survey on bank lending in the euro area published by the Via Nazionale institute, the tightening will also continue in the current term.
According to Filippo Cavazzuti, former Consob commissioner and acting vice president of the Banco di Napoli, the debt of Italian non-financial companies, 4 percentage points higher than the European average, should be tackled with a new pact between banks and companies: every investment…
The industry commission of Palazzo Madama is evaluating various measures to support companies run by women - Among the proposals, a 150 million euro allocation to facilitate access to credit and strengthen women's quotas - The…
The new law for the protection of the freedom of enterprise voted unanimously by the Chamber - Minister Romani: "It is the first measure that gives concrete effect to the letter sent to the EU" - The measure focuses on freedom of initiative and competition ,…
The President Piero Torretta at the opening of MadeExpo: "The market feels the need to regulate the relationship between the banking world and the construction world" - Gallesio (Assocostruttori): "From 2007 to 2010, credit to companies decreased by 25% for …
