There pandemic he resumes, prices are in tension and “the conditions for a return to normality do not exist”. For all this theAbi (Italian Banking Association) asks the Government and the Bank of Italy to “reconfirm in their entirety” the extraordinary anti-Covid measures launched by the executive in 2020, in particular guaranteed loans and public guarantees. This is what they write in a letter to the President of the Council of Ministers, Mario Dragons, to the competent ministers and to the Governor of the Bank of Italy, the president of the Italian banking association, Antonio Patuelli, and the general manager, Giovanni Sabatini.
Maintain guarantees for SMEs
According to ABI, moreover, it is necessary to maintain “the possibility of offering the public guarantee on restructuring operations of loans already disbursed, first of all for small and medium-sized enterprises, and the Sace guarantee at” market prices “also provided for as soon as possible from the «Liquidity Decree».
In the letter, explains a statement, «the President Patuelli and the Director Sabatini they also highlight the need for European institutions to be urged to restore the flexibility initially allowed by the EBA regarding the treatment of loans subject to “concession” measures, such as moratoriums, and to modify the threshold beyond which concession measures lead to reclassification of the debtor’s entire position in the non-performing loans category “.
Requests due to the pandemic
“The requests made by ABI – underlines the Association – arise from the violent resumption of the pandemic in Europe and in Italy and from the consequences on economic activities together with the strong increases in energy prices and the persistence of difficulties in the supply chains of raw materials and electronic components that have substantially changed the framework on the basis of which the support measures for businesses in the budget law were reshaped in a logic of gradual return to normal conditions that do not yet exist “.