(Alliance News) - Intesa Sanpaolo announced on Monday that, in collaboration with Confindustria, it will allocate EUR200 billion through 2028 to support the development of Italy's national production system, with EUR20 billion earmarked for companies in the Veneto region. The initiative, a result of the agreement signed last January by CEO Carlo Messina and Confindustria President Emanuele Orsini, aims to back investments in Transition 5.0 and Artificial Intelligence, supplementing resources already committed to the objectives of the National Recovery and Resilience Plan (PNRR).
The presentation took place today at Confindustria Vicenza headquarters, attended by Cristina Balbo, Intesa Sanpaolo's Regional Director for Veneto Ovest and Trentino-Alto Adige, and Barbara Beltrame Giacomello, President of Confindustria Vicenza.
Measures were outlined to support new production sites, the expansion and modernization of existing ones, and investments in the energy sector, with the goal of enhancing the attractiveness of Italian regions strategically positioned for international trade and routes.
The protocol strengthens a partnership between Intesa Sanpaolo and Confindustria that began in 2009, during which the bank has provided EUR450 billion in credit to Italy's production system over the past fifteen years, supporting SMEs and established industries even during the most challenging periods.
Thanks to this agreement, the bank aims to engage companies across the entire country, fostering growth and competitiveness for Italian businesses in global markets.
Barbara Beltrame Giacomello emphasized that the initiative represents "a concrete step in turning financial resources into real growth for local businesses, highlighting innovation and sustainability."
On Monday, Intesa Sanpaolo shares traded down 0.2% at EUR5.57 per share.
By Maurizio Carta, Alliance News reporter
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