Collaboration between the 394 Fund and the banking system
Collaboration between the 394 Fund and the banking system
NEW: a new method of collaboration with the banking system has been launched, alongside the previous one.
In compliance with the Ministerial Decree and approval of the Financial Support Committee, SIMEST has launched a system for cooperation with the banking system, which also aims to increase the number of subsidised loans supporting businesses with an international dimension.
The collaboration provides for two different alternative methods, governed by specific agreements.
2023 Agreement
The first Initiative (2023) provides for – in conjunction with the granting of subsidies by SIMEST – the provision of agency banking services by the Participating Banks to Italian companies applying for subsidies, for the purpose of granting and maintaining such subsidies.
For further details on the activities falling within the remit of the Bank participating in the Initiative, please refer to Annex E of the draft agreement.
2025 Agreement
The New Agreement (2025), in line with the previous one, provides for the Participating Bank to carry out promotion and origination activities with the support of bank financing alongside the subsidised financing provided by SIMEST, in order to maximise coverage of the financial needs of applicant companies in relation to specific projects.
Applicant companies will therefore have easier access to their credit needs, also benefiting from SIMEST subsidies and synergies with the Participating Bank, as detailed in the Agreement.
How to join the initiative
For further information regarding accession to the Agreements, please send a request to: efa@simest.it
Consult the list of Member Banks
AGREEMENT 2023
- Banca Iccrea
- Banco BPM
- Unicredit
- Monte dei Paschi di Siena
- Banca Popolare di Bari
- BNL
- Cherry Bank
NEW AGREEMENT 2025
- BPER
- Banca Intesa Sanpaolo
- Banco di Sardegna
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