Agreement between Confindustria and Intesa San Paolo: 3 billion for businesses

A three billion euro agreement to support the sustainable transition, energy independence and digitization of Sardinian small and medium-sized enterprises. It is the declination for Sardinia of the three-year agreement signed at national level between Confindustria and Intesa San Paolo in October 2021, which aimed to identify some useful tools for tackling the post-pandemic crisis.

The initiative was presented today in Cagliari at the Confindustria headquarters. «The alliance between banks and companies takes the form of a fundamental strategic element for the functioning of every modern economy. The agreement between Confindustria, the most important employers' organization in Italy, and Intesa Sanpaolo, the largest Italian bank, is a perfect example of collaboration», says Antonello Argiolas , president of Confindustria Southern Sardinia, «our member companies who have faced a long period of very strong difficulties have somehow managed to overcome them demonstrating great resilience, they are now facing a new challenge: that of the environmental and digital transition. Transition necessary in light of the complexity of the new geopolitical and climatic scenarios we are facing".

Stefano Barrese , head of the Banca dei Territori division of Intesa Sanpaolo, on the other hand, indicated the available credit of 3 billion euros for Sardinian companies, compared to the 150 made available nationwide. «Our country needs investments to guarantee competitiveness and development. Confindustria and Intesa Sanpaolo - he added - share this need and offer concrete and modular solutions for the new needs of businesses. We have already had proof that solutions and opportunities can emerge in complexity. If we have managed to deal with emergencies such as the pandemic or the energy crisis following the Russian-Ukrainian conflict, it is also thanks to the courage of companies and the collaboration between the bank and the entrepreneurial system. The agreement with Confindustria aims to guarantee joint accompaniment and the financial support necessary to implement growth, innovation and energy transition plans with a view to sustainability".