The Intesa-Confindustria axis has been renewed. The president of the association, Carlo Bonomi, and the managing director and CEO of Intesa Sanpaolo, Carlo Messina, have signed the new agreement for the growth of Italian companies. The new joint path “Competitiveness, Innovation, Sustainability” will make available to Italian companies 150 billion euros to promote the evolution of the production system on these three fundamental drivers for growth and in line with the NRP.
The agreement consolidates and renews the more than ten-year collaboration between Intesa Sanpaolo and Confindustria which, thanks to a synergistic and shared interpretation of the relationship between bank and company, has strengthened over the last few years. In fact, starting from 2009, a series of agreements were signed based on a wide-ranging industrial policy vision, aimed at making finance and credit strategic components at the service of the competitiveness of the business world. Crucial issues were discussed and shared, such as: internationalization, support for production chains, investments in research and innovation, enhancement of the qualitative aspects of credit. These joint initiatives have made it possible to support tens of thousands of enterprises and small and medium-sized enterprises with credit for over 200 billion euros, supporting them in the most critical phases of a constantly evolving economic scenario.
With the peak of the Covid-19 emergency behind us, Intesa Sanpaolo and Confindustria are jointly proposing a strategic plan aimed at accelerating the relaunch of the real Italian economy, focusing on skills and people, along the lines of the National Recovery Plan and Resilience. Digitization and innovation, strengthening of the financial and capital structure, strengthening of supply chains, sustainability are at the heart of the agreement signed by Intesa Sanpaolo and Confindustria for companies. With a view to overcoming the extraordinary measures adopted during the pandemic, Intesa Sanpaolo has provided various tools to facilitate the transition to ordinary credit solutions to support the liquidity of companies and to support their financial balance.
“The 150 billion ceiling made available to companies will enable private investments to be activated, generating a multiplier effect on the resources made available for public investments by the PNRR, and creating new prospects for sustainable growth for the Italian production system and for the whole Country – said the President of Confindustria, Carlo Bonomi -. We must accompany the country towards the exit from the pandemic crisis, gradually abandoning emergency measures, supporting the recovery and fully seizing the opportunities of the PNRR. Together with the reform program to be pursued without delay, we need to act on the growth drivers. The Agreement that Confindustria and Intesa signed today is part of this framework ”.
«Our country records a consistent recovery that is higher than the European average. Now the real challenge, also at the basis of this agreement, is to ensure that this recovery consolidates over time and is widespread, giving rise to a structurally more robust economy, capable of sustaining levels of GDP growth that are stably higher than those we are currently at. accustomed “, declared Carlo Messina, managing director of Intesa Sanpaolo:” We are a country – he added – with solid fundamentals and strong companies, which have withstood the pandemic crisis and for their growth plans today we are putting in place 150 billion euros renewing the joint action with Confindustria. In this sense, we will further support the enhancement of supply chains which, after having been one of the main resilience factors during the crisis, can and must now be a decisive driver for the restart of the country’s productive fabric ».