Page 55 - Consolidated Non Financial Statement
P. 55
Banca Ifis
| 2020 Consolidated Non-Financial Statement
2020 saw the continued pursuit of the project to raise awareness of the sales network, aimed at assisting SMEs -
regardless of whether they are customers or not - about the opportunities offered by investment incentive
schemes.
• Finance Leases associated with the New Sabatini Law incentive scheme: the Italian Ministry of Economic
Development gives SMEs an annual grant - for 5 years - related to equipment on leases or loans specifically
intended for investing in capital goods. This incentive scheme, with which the Bank has associated a leasing
product with a specific contractual package, has been refinanced by the Budget Law for 2021 too, with a
renewed focus on the micro and small enterprises of southern Italy and a provision for lump sum liquidation
extended to all lenders, regardless of the amount.
• Loan backed by the SME Guarantee Fund: the SME Guarantee Fund allows the concession of credit thanks
to a guarantee covering up to 80% of any financing arrangement, with a limit of 2,5 million Euro per applicant—
be it a company or an independent contractor. With Italian Decree Law no. 23 of 08 April 2020 (the Liquidity
Decree), the percentage direct guarantee of 80% has been raised, regardless of rating class and loan duration,
with the possibility of direct coverage of up to 100% for certain financial transactions with specific characteristics
and certain types of beneficiaries.
• Financial leasing backed by the SME Guarantee Fund: with Italian Law Decree no. 34/2020 (the “Relaunch
Decree”), the Guarantee Fund has been strengthened for leasing too, with an increase in the percentage of
cover up to 90% of the amount financed. The assessment as to the applicability by the Bank of this type of
guarantee to the financial lease contracts takes place on the basis of specific guidelines aiming to facilitate
investments and support SMEs through the emergency.
• Factoring with recourse backed by the SME Guarantee Fund: In July 2020, Banca Ifis launched the
guaranteed factoring product that combines factoring with recourse with the guarantee offered by the Central
Guarantee Fund, which covers up to 60% of the loan and, until 31/12/2020, up to 90% by virtue of the Liquidity
Decree.
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