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August 11, 2009updated 12 Apr 2017 4:34pm

Italy’s lessors join moratorium to support SMEs

Italys Banca Agrileasing, the countrys fourth biggest lessor, has just joined a government-backed moratorium to support domestic SMEs. The initiative, which allows Italian firms to suspend for a 12-month period the payment of their mortgage and leasing loans, took effect at the beginning of August. The lessor said that joining the moratorium confirmed its role of support to Italys small and medium-sized enterprises, which are finding it difficult to do business in the current environment.

By Antonio Fabrizio

Italy’s Banca Agrileasing, the country’s fourth biggest lessor,
has just joined a government-backed moratorium to support domestic
SMEs.

The initiative, which allows Italian firms to suspend for a
12-month period the payment of their mortgage and leasing loans,
took effect at the beginning of August.

The lessor said that joining the moratorium confirmed its role
of support to Italy’s small and medium-sized enterprises, which are
finding it difficult to do business in the current environment.

The scheme was also signed by Intesa SanPaolo, the banking group
which includes Leasint, while other lessors – including the
country’s largest lessor, UniCredit Leasing – have already put in
place several schemes to support troubled firms.

Antonio Fabrizio

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