More than 1,000 firms have already requested Italy’s Intesa
Sanpaolo a moratorium on the repayment of their loans and leasing
rentals, the company has announced.
The banking group, which includes Italy’s second largest leasing
company Leasint, joined a government-backed moratorium to support
Italian SME-sized businesses last month.
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Intesa Sanpaolo’s MD Corrado Passera said: “[The moratorium] is
a very serious issue and represents one of the instruments to back
the Italian companies amid the crisis.”
All the country’s major banks and their leasing subsidiaries,
including UniCredit Leasing, Agrileasing, UBI Leasing and MPS
Leasing e Factoring have joined the moratorium, which allows
Italian firms with a good credit history to suspend for a 12-month
period the payment of their mortgage and leasing loans.
Antonio Fabrizio
