Four and a half billion euros to be allocated to households, SMEs and the territory: this is the amount of the approved measures by our Board of Directors, that represents a concrete implementation of the Business Plan, which promotes long-term sustainable growth
Roma, 26 May 2016
The package of measures, divided into three areas of intervention, will be implemented in synergy with the banking system.
Interventions in favor of Italian families
Two billion euros for residential real estate in support of the granting of new loans to households for home purchases. CDP Group has refinanced the program of purchases of covered bonds relating to residential mortgages, the amount of which increases from 3 billion to 5 billion euros.
In total, with the new measure today, the value of the "House Package" endowment rises from 6 billion to an 8-billion-euro, noting the strong commitment of the Group in support of the residential real estate market recovery.
Interventions in favor of Italian SMEs
One billion euros in SME financing to increase the volume of lending to SMEs, thanks to the purchase of securities program involving loans to small and medium-sized enterprises.
The measure aims to ensure the availability of new financial resources for SMEs that represent an important segment of the Italian production system.
Interventions in favor of the territory
Financing of 1.5 billion euros for the territory through the establishment of a credit line, provided for in the 2016 Stability Law, for the granting of subsidized loans in favor of those affected by natural disasters, throughout the nation.
Thanks to our commitment, from the earthquake in Abruzzo in 2009, to the 2012 earthquake in Emilia-Romagna, Lombardy and Veneto, we have made available funds dedicated to families and businesses, ensuring a rapid start of reconstruction, for a total amount 14 billion euros.
With this intervention, CDP Group, the National Promotion Institution, promotes development of the Italian economy.