(Alliance News) - Intesa Sanpaolo Spa announced Wednesday that it has earmarked EUR8 billion for businesses in Campania thanks to "Your Future is Our Business," the banking group's new national program led by Carlo Messina that nationwide makes EUR120 billion available until 2026.

The funds are used to accompany the planning of SMEs and smaller companies, a vital system of Italian entrepreneurship and supply chains in the territories.

The plan aims to encourage new investments for Italian competitiveness by accelerating the dynamics of good performance of the production system and ensuring the immediate activation of sustainable and long-term strategies. A series of interventions that is part of the group's actions to support the realization of the objectives set in the PNRR, for which a total of more than EUR410 billion has been allocated.

With the new program, the bank intends to accelerate the transformation processes needed for industrial renewal, energy and digital transition of enterprises, facilitating access to the new measures of the PNRR, intervening in three priority areas: transition 5.0 and energy, foreign development and new markets, and digital progress and security.

Giuseppe Nargi, regional director of Campania, Calabria and Sicily for Intesa Sanpaolo, said, "With this new program, businesses in Campania that invest can now carve out an important competitive advantage in the near future. Our role is to activate financial resources and dedicated tools to accompany investment choices and make them seize the opportunities of PNRR and Transition 5.0."

"Intesa Sanpaolo's commitment to the economic growth of the territory is also certified by the numbers, just think that in the first three months of 2024 we disbursed EUR208 million to businesses, while for households we reached EUR210 million, for a total of about EUR418 million."

Intesa Sanpaolo's stock is up slightly at EUR3.60 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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