Solution Bank and SACE: A strategic partnership to enhance financing for Italian businesses, promoting sustainability and growth.
Forlì, April 5, 2024 – In the context of an increasingly strong commitment to sustainable innovation, Solution Bank, a challenger bank that integrates traditional services with specialized corporate and investment banking solutions, is excited to announce the signing of a strategic agreement with SACE. This important partnership aims to strengthen access to credit for Italian businesses by enhancing the range of guarantees that facilitate obtaining financing. The agreement between Solution Bank and SACE is structured into two fundamental conventions:
- Green Guarantee: aimed at supporting Italian companies with a turnover of up to 500 million euros in obtaining financing for eco-sustainable projects, thereby contributing to the ecological transition of the national entrepreneurial fabric;
- Future Guarantee: directed at all Italian businesses, with particular attention to SMEs and female entrepreneurship, to finance their expansion through access to global markets, development of infrastructure, technological and digital innovation, investments in economically disadvantaged areas, as well as interventions for reducing seismic and hydrogeological risk.
This agreement will allow Solution Bank to offer companies medium/long-term financing guaranteed by SACE and to increase the credit lines available at the Bank. This expansion of financial resources is crucial for businesses aiming for growth, both in the domestic and international markets, with a strong emphasis on sustainability and innovation. Solution Bank’s General Manager, Frank Fogiel, highlights:” This partnership with SACE is a key component of our strategy, aimed at providing Italian businesses with the financial tools necessary to expand and innovate. We recognize the vital importance of facilitated access to financing and credit as a lever for sustainable development and for the success of our companies in global markets. It is with this spirit that we commit to being reliable partners in the growth journey of Italian businesses. .” Daniela Cataudella, Head of Dynamic Business Solutions at SACE, stated: “Thanks to our collaboration with Solution Bank, we aim to expand our support for the growth of Italian SMEs, a cornerstone of our Together2025 Industrial Plan, by aiding their transition towards sustainability and innovation to make them increasingly competitive both in Italy and abroad.” Through this partnership, Solution Bank and SACE reaffirm their commitment to supporting the Italian economy by offering financial solutions that facilitate a sustainable and successful growth path for businesses in our country.
