View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Analysis
  2. Comment
July 1, 2010

Italy’s lease moratorium scheme extended

Italys Ministry of Economy and Finance, the countrys banking association ABI and employers representatives have agreed to postpone the deadline for the moratorium to 31 January, 2011. The scheme enables firms to obtain a 12-month payment holiday on loans and real estate leasing agreements and a six-month holiday for all other leasing agreements.

By Verdict Staff

Italian firms have been given a seven-month extension to join a moratorium scheme for their loans and leases.

Italy’s Ministry of Economy and Finance, the country’s banking association ABI and employers’ representatives have agreed to postpone the deadline for the moratorium to 31 January, 2011.

The scheme enables firms to obtain a 12-month payment holiday on loans and real estate leasing agreements and a six-month holiday for all other leasing agreements.

By end of April 2010, Italian banks and lessors had received a total of 185,000 requests to join the scheme – of which 142,000 have been approved.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Leasing Life