Nuova Sabatini
The "Nuova Sabatini" is now simpler: the Ministry of Economic Development has published the new methods of disbursement of the subsidies following the implementation of the simplifications introduced with the 2021 Budget Law.Nuova Sabatini, now it's easier
"For all applications submitted by companies to banks and financial intermediaries starting from 1 January 2021", explains MISE, "the disbursement of the contribution is carried out in a single solution, independently from the amount of the approved loan, instead of in six annual installments as envisaged by the original system of the subsidy instrument. To this end, the Budget Law has allocated an additional 370 million euros for 2021 ".The so-called" Nuova Sabatini ", it should be remembered, facilitates access to credit for SMEs to acquire material assets (example: hardware) and intangible (example: software) in order to "strengthen the productive and competitive system". Simplifying procedures and methods of disbursement allows small companies to avoid an excessive waste of time and resources for the sole completion of the paperwork, reducing the obstacles that separate investment decisions from entering into contracts.
The share of the loan is set in the predefined quotas of:
2.75% for the realization of "ordinary" investments 3.575% for the realization of investments in "digital technologies and in waste tracking and weighing systems" (so-called investments 4.0). All the details here.
Source: MISE
ABI-German banks, flexible rules to lighten crisis impact
(ANSA) - ROME, 16 FEB - 'It's necessary to reshape the path of the Banking Union, and refocus the regulatory asset towards the finalization of Basel 3 in Europe and adapting the treatment of impaired loans in compliance with the current economical scenario'. The Italian Banking Association (ABI) and the German Banking Industry Committee (GBIC) wrote their requests to European institutions to reduce the impact of the Covid crisis.'The solutions identified concern, in particular - the document explains - the crisis management of banks directly subject to national supervision and a more calibrated adoption of the completion of the Basel 3 regulatory framework.' 'The new rules of European supervision - Giovanni Sabatini, Director General of the Italian Banking Association underlined - were conceived before the pandemic, in a context which was completely different from the current one: it is necessary to continue to call on the EU to correct these rules.' ABI and GBIC underlined that the regulatory framework for banking crisis management should consider the principle of proportionality and must be in line with the principle of subsidiarity. Furthermore, the current regulatory treatment of non-performing exposures should be revised and adjusted in light of the pandemic crisis. Among the requests contained in the chapter focusing on NPLs, the proposal is to freeze the schedule of provisions for 24 months. Finally, for operators who purchase impaired loans, the deadlines set by the 'Npl backstop Regulation' should start only from the date of acquisition of the impaired asset.' (ANSA).