The geography of guarantees: more than half of the loans in just four regions
Fabi’s analysis
Piedmont, Lombardy, Veneto and Emilia-Romagna. Half of state aid in the form of guaranteed loans is concentrated in just four Italian regions. It is the photograph taken by Fabi, the main union among the bankers of our country, on the map of the loans that the banking sector, with the support of the State, in terms of guarantees, has provided Italian businesses and households. Measures introduced starting from spring 2020, to resist the most acute economic crisis of the last 20 years, caused by Covid, and to govern the uncertainty of the present.
According to the acronym led by Lando Sileoni, in total they were 311 billion euros disbursed, divided as follows: approximately 60 billion moratoriums still active, compared to 500,000 suspensions granted, three million applications for funding submitted, more than 220 billion of secured loans from Mediocredito Centrale And 31 billion those provided through Sace. Some of the measures, however, are no longer active, others will expire in a few months with the result that over 1.2 million subjects, between citizens and companies, it could find themselves in enormous difficulty: the scenario is that of one national liquidity emergency which could lead to financial distress and bankruptcy.
Two years after the start of the pandemic, the balance of guaranteed loans shows staggering figures because if the impact of the virus on the Italian economy has been profound and extensive, the measures activated by the government have been equally valid. And so, if the decline in revenues and the fall in profit margins were the signs of a setback in the Italian production system in the last 18 months, the growth of government support measures has definitely allowed Italian companies to withstand the brunt of the pandemic and manage uncertainty.
The European panorama: Italy has the primacy of coverage
Official statistics show that in the European panorama, theItaly – together with Spain – not only stands out for the percentage of recourse to loans backed by public guarantees (about 5% of the outstanding loans of the banking system), but it also boasts the primacy of the highest coverage ratio with an average 85% compared to Spain And Germany (80%) e France (55%).
The two-speed national framework
However, the overall geography of the concessions shows a framework once again at two speeds, because more than 50% of total operations were presented in the regions with the largest number of businesses and workers of the national territory and which, probably, have also been hit to a greater extent by the crisis.
The mapping of 250 billion of aid says that the largest share went to Northern regions (Piedmont, Lombardy, Veneto, Emilia-Romagna), followed by those of the Center such as Lazio, Tuscany, Abruzzo, Umbria and Marche. The fabric of Italian small and medium-sized enterprises, which is concentrated in the Southern Italy, although he received instead only 18.7% of total funding, is what the primacy – after the first five in the North – for amounts up to 30,000 euros.
(Continued: the South penalized, in 2022 the stress test for companies, the geography of guarantees)
#Banks #billion #state #aid #liquidity #emergency