Transcript Creval Group - EESC European Economic and Social Committee

6th European Forum Co-operative Banks and SMEs
Credito Valtellinese banking Group near the SMEs:
The role of EU funds
Miro Fiordi, CEO Credito Valtellinese
Bruxelles, 1st December 2014
Foreword - 1
“The aim of this Forum is to bring to the forefront the main elements impacting SMEs’
access to finance by taking a comprehensive perspective. It will make a first Assessment
of the new EU instruments to finance SMEs, and discuss the Financial Services
Regulation: impediment or incentive for co-operative banks to finance SMEs?”
WE DEFINE OURSELVES
…a model to finance the real economy
Foreword - 2
«New financial market regulations, which intend to stabilise the markets,
are squeezing the lending capacity of banks» (Gerard Huemer, UEAPME).
WHY Creval banking Group together with IEB-IEF funds?
To be able to serve the needs of the real economy even better,
mainly at local/regional level.
Index
1. Introduction. Creval banking Group
2. IEF guarantee to support innovative SMEs
3. IEB funds
4. CreditoAdesso for SMEs in Lombardy
5. Promotion
6. Concluding remarks
1. Introduction. The Creval Group
«Popular» banking Group - cooperative
1. Introduction. Economic trend and Creval Group
Economic trend – end 2014 (EU Commission - forecasts)
- GDP decreasing since 2008: more than 10% - this year -0,4%;
- Unemployment rate: 12,6%;
- Debt/Gdp 132,2%.
Creval Group reaction – for SMESs
1.
Supply of financial products at very favorable conditions - through
agreements with main institutional partners such as BEI and FEI.
2.
The branches of the Group, including specialized skills aimed to follow
SMEs, are near them to choice together the best suitable products for
their needs.
1. Introduction. IEB and IEF for the Creval banking Group
MARKET OPPORTUNITIES
1. The spectrum of the offer of financing products grows substantially
2. Credit «capability» increases
3. Funding at very favourable rates and duration (not available in the market);
4. Guarantee IEF at a supranational level with 0 risk-weighted.
2. IEF guarantee to support innovative SMEs
July 2013: agreement between IEF and Credito Valtellinese to foster credit
for small mid-caps and SMEs within the framework of Risk Sharing
Instrument (RSI).
For Italian innovative enterprises:
- Plafond: 100 milioni € financing with IEF guarantee on 50% of the total
amount.
The product MUTUO FEI:
Mortgage and unsecured loan.
Main elements:
- until 100% of the investment program cost;
- amount between 25.000 and 3 million €;
- duration 2-7 years.
Purpose: investments in the fields of
research, innovation and development of the
enterprise.
3. IEB Funds
February 2014: securitization aimed to allow IEB the supply to Gruppo
Credito Valtellinese of a credit line of 200 million € - for Italian firms with less
than 3.000 employees and projects to be completed within 3 years from the
distribution.
Product MUTUI BEI PROGETTI:
Mortgage and secured loan for SMEs and MID CAPS
- agricolture, industry and services.
Maximal unitary amount 12,5 m.ni €, duration:
- 2-5 years for unsecured loans
- 2-15 years for mortgage loans.
It can’t be finalised to financial activities as such, or
real estate development.
4. CreditoAdesso for SMEs in Lombardy
With the support of IEB funds for Lombardy, the initiative CreditoAdesso was
born in 2012 to strengthen micro, small and medium enterprises of the
region.
Ressources available in a joint loan from Finlombarda (40%) and Creval
Group (60%).
Product CreditoAdesso:
Unsecured loan on the basis of orders or contracts for goods
and/or services whose value is at least 30.000 € for micro and
small enterprises and 100.000 € for medium ones.
Each loan may cover until 60% of the global amount of each
order/contract and has a duration of 24-36 months.
5. The promotion
1.
2.
3.
4.
Direct «physical» link with enterprises possibly interested
Posters inside our branches
Advertising
Internet site www.creval.it
6. Concluding remarks
1. Cooperative banks: a model to finance the real economty
(«together, we can»).
Small and medium enterprises are «the core» of our business
model; «SMEs are truly the engine that can restart the
growth» (Geerrst van der Horst, UNICO)
2. Dialogue among regulators, banks and SMEs representatives
is very important
3. Availability/need to use innovative financing to facilitate the
credit access to SMEs
4. Added value: on the basis of our values in terms of solidarity,
social responsability and culture
6th European Forum Co-operative Banks and SMEs
IL GRUPPO CREDITO VALTELLINESE A FIANCO DELLE PMI:
IL RUOLO DEI FONDI COMUNITARI
Miro Fiordi, CEO Credito Valtellinese
Bruxelles, 1 dicembre 2014