Banca MPS signs a memorandum of understanding with the 2016 earthquake reconstruction commissioner

Banca MPS signs a memorandum of understanding with the 2016

(Tiper Stock Exchange) – MPS Bank allocates a ceiling of 200 million of euros for the benefit of reconstruction of central Italy – Abruzzo, Lazio, Marche and Umbria – hit by the 2016 earthquake. The Commissioner for Repair and Reconstruction Guido Castelli and Banca Monte dei Paschi di Siena have signed a memorandum of understanding to reserve these resources for the use of the Super earthquake bonus 110% in the construction sites of the reconstruction of Central Italy.

Thanks to the derogation provided by the Government and approved by Parliament in April, the reconstruction of private buildings in the four regions affected by the earthquake can avail until 31 December 2025 the possibility of benefiting from the Supersismabonus 110%, making use of both the transfer of credit and the discount on the invoice.

The companies registered in the appropriate Registry, thanks to the tax credits acquired through the invoice discountwill be able to optimize their financial exposure and promote business urban recovery and reconstructionwith restructuring operations, energy redevelopment and making buildings safe for the reduction of seismic risk.

“I thank Banca Monte dei Paschi for the great attention shown towards the crater and its communities”, comments the Commissioner Castlesadding “today a very important step was taken which I hope will allow the overcoming of the stalemate which, in the context of private reconstruction, has arisen following the blockage of the market for the purchase of tax credits. We will continue to work in this management but certainly this protocol will allow the unblocking of many practices hitherto “frozen” for reasons unrelated to the administrative dynamics of the earthquake procedures”.

“Banca Monte dei Paschi di Siena is committed to supporting the country’s economic development by standing alongside businesses and families in our territories, says the CEO of Banca Mps Louis Lovagliounderlining “we intend to give concrete support to the areas of Central Italy still affected by the 2016 earthquake. It is a tangible way to testify to the proximity to the territories in which we operate and in particular in this case to accompany their socio-economic recovery in full collaboration with communities and institutions”.

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