Intesa Sanpaolo CEO Carlo Messina and
Emanuele Orsini, the president of industrial federation
Confindustria, on Tuesday signed an agreement for the bank to
pump 200 billion euros into Italian business.
The 'Investment, Innovation, Credit' joint programme will make
the money available to Italian businesses to invest in
sustainable growth.
Messina compared the programme to the National Recovery and
Resilience Plan (NRRP), which seeks to make the Italian economy
Greener and more modern with projects financed with the help of
194.4 billion euros in EU grants and low-interest loans under of
the bloc's post-Covid Recovery Fund.
"We will make EUR 200 billion available to companies," Messina
said.
"It's almost an Intesa Sanpaolo NRRP for Italy, and this, in my
opinion, will enable us to further accelerate growth".
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