Around 10,000 SME-sized Italian businesses have joined a
moratorium scheme with Milan-headquartered banking group Intesa
Sanpaolo.
The scheme, backed by Italy’s government, the country’s banking
association ABI and employers’ organisations, was introduced in
August.
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It allows small and medium-sized businesses to suspend for a
12-month period the payment of their mortgage and real estate
leasing agreements, and for a 6-month period the payment of other
leasing agreements.
Intesa Sanpaolo’s MD Corrado Passera said that thanks to
the moratorium, Italian SMEs will be in a position
to overcome the financial crisis “more smoothly”.
Antonio Fabrizio
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