Banking initiatives in Italy are continuing at a rapid pace to suspend payments or extend funding to SMEs.
At 30 June 2017, 16.697 applications were accepted for suspension of payment of installments for a total residual debt equivalent to 4,8 billion and a greater liquidity available to 621 millions of Euros. In addition, 6.407 applications were extended to extend the amortization plan for 1,3 billion of outstanding debt.
The "Businesses in Recovery" initiative, which is part of the broader "New Small Business Agreement" signed by Abi, banks and other business associations on March 31, provides for the possibility for all SMEs "Inexperienced" to suspend the capital share of mortgage and leasing rates, also facilitated or refinanced by bills; Extend the amortization plan for mortgages and short-term credit lines and agricultural credit.
The analysis on the distribution of applications for economic activity of the applicant undertaking shows that:
• The 21,4% of applications refer to "business and hotel" businesses;
• The 13,8% of applications refer to "industry" companies;
• The 16,5% of the applications refer to companies in the "building and public works" sector;
• The 12,6% of applications are related to companies in the "crafts" sector;
• The 9,2% of applications refer to "agriculture" companies;
• the remaining 26,5% to "other services".
The analysis of the territorial distribution of the applications received, by the registered office of the applicant undertaking, shows that:
• The 64,6% refers to companies resident in Northern Italy;
• The 19,9% refers to companies resident in Central Italy;
• 15,5% refers to companies resident in South Italy.
It should be emphasized that the new 2015 Credit Agreement also allows to suspend the loans that have already benefited from this instrument in the past years, with the exception only of those for which the suspension was requested in the previous 24 months.