A 200 million ceiling for businesses in 2021. This is the goal of Fiudimed, Confidi and financial intermediary 106 supervised by the Bank of Italy, which thus aims to double what has been done so far and to consolidate its presence throughout the national territory according to a project started a few years ago.
Also this year at the center of Fidimed’s strategy is easy Plus, provided by the pool with Banca Progetto and which guarantees immediate liquidity with an unsecured bank account of 25,000 and 300,000 euros. 2020 for Fidimed, explains CEO Fabio Montesano, was a year of growth: the network extended to 18 regions and 61 provinces and injected liquidity of over 100 million into the production system, of which 70 million in the form of disbursements. direct to businesses and 30 million in the form of guarantees on loans granted by banks affiliated with Confidi. «The primary objective of 2021 is to accelerate the expansion of Fidimed – says Montesano -. We are available to proceed with further mergers by incorporation of other minor trust companies throughout the national territory, also with the social purpose of not wasting the wealth of knowledge of the economies of the territories and to protect the workers of these structures heavily penalized by the status of non-trust supervised, which limits their operations with respect to what the market requires “.
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Fidimed’s 2020 budget speaks of an increase of 29% in the interest margin, of over 30% of net commissions, of 7.5% of the brokerage margin while the membership base has grown by almost 10% to approximately 3,000 companies .
Confidi Palermo in 2020 further strengthened its capital solidity: Npl classifications dropped by 30%, net assets increased by 24%, Total capital ratio (which measures capital solidity) equal to 19.2%, far higher to the minimum 6% assigned by the Supervisory parameters, Cost income ratio (which measures management efficiency) halved to 64.5 per cent.
“The challenge for the second half of 2021 and for the whole of 2022 – explains Dario Costanzo, Head of Direct lending at Fidimed and president of the Credit and Finance section of Sicindustria Palermo – is to consolidate the role of partner of smaller companies starting from those most affected by the effects of the pandemic which, if they receive the right support, are still able to recover and become competitive on the market again. Fidimed can and will make a difference also thanks to the new products that are being developed ».