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Ten billion from Intesa Sanpaolo to support employment

Ten billion from Intesa Sanpaolo to support employment

The goal, as recently announced by Intesa Sanpaolo CEO and Managing Director Carlo Messina, is to incentivize Italian companies to make innovative investments that allow them to increase competitiveness and productivity and - consequently - lead to an increase in employment in the long term.

With this ambition, Intesa Sanpaolo has launched a new financing, «S-Loan Soluzione Lavoro», intended for corporate clients of Banca dei Territori, which aims to promote employment growth while supporting investments to increase competitiveness, through an additional reward mechanism, which recognizes a reduction in the interest rate in the case of new hires, especially of young people and women.

The measure, the bank explains, is inspired by the IRES premium model and will be able to count on 10 billion euros available for the next three years, within the 410 billion euros foreseen by the Group to support projects connected to the PNRR.

Intesa Sanpaolo therefore proposes itself as a facilitator to implement the benefits of the companies to which S-Loan Soluzione Lavoro is intended, which decide to increase their production capacity, create a new industrial site, produce cutting-edge products and services, promote process automation.

"The formal commitment to hire new staff represents for business entities the necessary requirement to obtain the facilitation on the reference rate of the financing both in the subscription phase and in the repayment period", reads the note released by Intesa Sanpaolo.

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