(Tiper Stock Exchange) – Bank Monte dei Paschi di Siena and the Ministry of Agriculture, Food Sovereignty and Forestry (MASAF) have signed a memorandum of understanding to make available to Italian agricultural and agri-food companies a ceiling of 1 billion euros to support investments and encourage the growth of the sector. The announcement was made today on the occasion of the meeting held in Siena, in the historic headquarters of the Bank, between the Minister of Agriculture, Food Sovereignty and Forestry, Francesco Lollobrigida, the Chief Executive Officer of Banca Mps, Luigi Lovaglio, and the President of Banca Mps, Nicola Maione.
“The next few years will be crucial for the development of the Italian agricultural sector. The Ministry of Agriculture, Food Sovereignty and Forestry promotes collaboration with the banking sector, a policy aimed at promoting the development of the supply chain through administrative simplifications and dedicated paths to facilitate access to credit by companies in the sector. MPS is one of the most active banks in the agricultural sector and, with the signing of this protocol, it renews its commitment in this field by establishing, until 31 December 2026, an ad hoc financial ceiling of one billion euro. A fund to support and accompany companies in participating in calls issued by Masaf for the National Recovery and Resilience Plan and the Complementary National Plan (PNC)”, said the Minister of Agriculture, Food Sovereignty and Forests, Francis Lollobrigida.
“Support to the primary sector is one of the strategic areas of our activity, a vocation that has also been strengthened in the Business Plan – commented the Chief Executive Officer of Banca Mps, Louis Washing -. For Banca MPS, agriculture and food culture are identity elements of the country to be supported and valued, also at an international level. The memorandum of understanding that we signed today with MASAF represents a further important step in supporting agri-food companies and production chains, the strength and excellence of Made in Italy and our extraordinary territories”.
“Italy is a country that has high quality agri-food and wine productions in its DNA, with a long history written over the centuries. Parallel, if you like, to the long history of our Bank which for over 550 years has had a vocation to support the agricultural world – declared the Chairman of Banca Mps, Nicholas Mayonnaise -. Agriculture is a fundamental asset for Italy, an excellence recognized throughout the world and represents an extraordinary driving force for the country’s growth. The agreement signed today with MASAF is further evidence of our commitment to this sector”.
At the center of protocol a path of collaboration to accompany the growth of companies operating in the Italian agricultural and agri-food sector through the establishment of a specific credit plafond expiring on 31 December 2026. The plafond, dedicated to companies that apply for an incentive based on the measures PNRR And PNC extensionis mainly aimed at financing investments intended for the valorisation and development of Italian production chains and of the districts of the food and ad investments intended to promote generational turnover in agriculture, business networks, digitization and e-commerce. It also aims to support investments for research, experimentation, technological innovation and product enhancement, as well as those aimed at energy saving, the circular economy and animal welfare.
Banca MPS, as part of its activity of support credit And financial to the companies of the compartment agriculturalundertakes to guarantee dedicated specialist consultancy to facilitate access to credit, with the aim of identifying targeted solutions to create networks, develop synergies, identify opportunities, stimulate discussion and raise specialist skills, proposing tailor-made financial services and constant strategic support to guide the companies along growth paths linked to production and economic-financial sustainability and quality. Particular attention is paid to companies operating in the sector of “After Economy”, through a long-term strategy in support of the production chains and the Protection Consortia oriented towards the enhancement of products PDO or PGI and biological or environmental certifications.