Intesa Sanpaolo S p A: organizes 12 meetings with small and medium enterprises on the latest features of tax credits for the construction industry

PRESS RELEASE

INTESA SANPAOLO ORGANIZES 12 MEETINGS WITH SMALL AND MEDIUM-SIZED BUSINESSES ON THE LATEST FEATURES OF TAX CREDITS FOR THE CONSTRUCTION INDUSTRY

  • 12 territorial steps to illustrate to SMEs the opportunities of concessions and facilitate the allocation of tax credits.
  • Thanks to the platform managed with Deloitte, Intesa Sanpaolo has already acquired more than 2 billion euros in tax credits. Security and transparency are the basis of the documentary checks of each application.
  • In 2020, investments in construction reached around 135 billion euros, including more than 67 billion euros for housing. Of this amount, 42.5 billion euros are intended for renovation, the segment most affected by the Superbonus.

Milan, January 31, 2022 – Tomorrow begins the Eco-Sismabonus visit, Program of Intesa Sanpaolo in collaboration with Deloitte, dedicated to helping SMEs understand and fully exploit the opportunities arising from the new features introduced by the 2022 Finance Law in the field of construction bonuses linked to the domestic system.

Eco-SismaBonus visit provides 12 free webinars dedicated to small and medium-sized business customers of the regional offices of the Banca dei Territori (national commercial bank), led by Stefano Barrese, which aims to facilitate the allocation of tax credits linked to the origin system. The objectives of the meetings are in particular to: allow companies to identify the advantages of the advantages brought by the new legislation in terms of energy efficiency and the redevelopment of buildings and to take stock of the new deadlines and percentages of deductions.

During the meetings, there will be in-depth discussions on the novelties introduced by the new finance law on constructiona sector for which an envelope of around 37 billion euros has been planned this year, extending the deadlines and advantages of the Superbonus to 110% and extending other concessions until 2024, including the facade bonus to 60%.

The Intesa Sanpaolo group, even before the launch of the regulations implementing the stimulus decree in August 2020, was a pioneer in providing its customers with a platform for information, advice and management of requests for all types of credits. construction tax to support individuals, co-owners and businesses. Thanks to the technical advice of a partner like Deloitte, Intesa Sanpaolo has developed this platform to operate with complete transparency and fairness in the field of documentary checks, to protect its clients and the management of practices related to construction premiums, already to acquire more than 2 billion euros in loans in total, including approximately 1.2 billion euros from companies that have applied the “invoice discount”. The total amount of requests being processed on the platform exceeds 9 billion euros.

The construction sector plays a central role in the Italian economy with more than 1.5 million employees in 2020 and develops an added value of more than 66 billion euros. This sector can give a significant boost to the rest of the economy, by activating a supply chain that involves several sectors, including mining, construction products and materials, electrical engineering, household appliances, chemicals and many sectors specializing in intermediate goods. In 2020, the value of construction investments reached 135 billion euros , 45% of the total, housing exceeding 67 billion euros . Of this amount, 42.5 billion euros are intended for renovation, the segment most affected by the Superbonus.

As a result, the incentive legislation has led to a rapid recovery in the construction cycle: after the temporary closure of construction sites in spring 2020 confinementactivities rebounded from the second half of 2020, which continued until 2021. In the macroeconomic scenario of the studies and

Research Department, at the end of 2021, construction investment is expected to jump by 20.8% at constant prices and continue on a growth trajectory also during the 2022-23 biennium (+4.5% on average per year)although experiencing a natural slowdown.

Increase in figures for the construction sector also for Deloitte which foresees, for the two-year period 2021-2022, a 24% increase in investments, projecting a recovery of 2011 levels in the year 2024. Indeed, the accumulation of capital, which had already exceeded the average levels from 2019 to the first quarter of 2021, should increase further, benefiting above all from the strong expansion of the construction segment, the improvement in growth prospects, favorable financing conditions and the means of support for public and private investment planned in the PNRR (National Recovery and Resilience Plan) and the draft budget. Over the three-year period 2022-24, investment should thus grow by +5% per year, with the construction investment component as a percentage of GDP reaching more than 9% in 2024.1.

the first of 12 steps of Eco-SismaBonus visit is scheduled for tomorrow and will concern SMEs in the region between Bergamo, Como, Lecco, Sondrio and Varese, with the participation, on behalf of Intesa Sanpaolo, of Alphonse TentoriSales Manager for SMEs in the North Department of Lombardy, and a speech by Antonio PiciocchiSenior Partner of Deloitte Tax and leader of Deloitte’s Eco-Sisma Bonus services in Italy, dedicated to the market context and the novelties introduced by the finance law in this area.

“The measures introduced with the incentives of the home system and the possibility of assigning tax credits have given a significant boost to the recovery of the sector to which Intesa Sanpaolo offers all the training and operational tools to access it”,comments Anna Roscio Executive Director of SME Sales&Marketing of the Banca dei Territori of Intesa Sanpaolo. “As demonstrated by the platform created by Intesa Sanpaolo and Deloitte, it remains essential to adopt verification mechanisms that, in addition to supporting customers in credit recognition, guarantee full compliance with the rules and the correct use of public incentives for the green transition that awaits us and the implementation of the PNRR.”

This support initiative for Home System companies contributes to implementing one of the pillars of “Motore Italia”, the strategic program presented in 2021 by Intesa Sanpaolo to support SMEs with new credits and liquidity for investments. By 2026, the Intesa Sanpaolo Group foresees medium and long-term disbursements of more than 410 billion euros, of which 120 billion euros are intended for SMEs, with which to contribute actively to the economic recovery of the country in close correlation with the objectives of the PNRR.

Press information

Intesa San Paolo

Media relations Territorial bank and local media [email protected] https://group.intesasanpaolo.com/en/newsroom/news

About Intesa San Paolo

Intesa San Paolo is a wealth management and protection company, the leading bank in Italy and one of the strongest and most profitable banking groups in Europe. It offers commercial, corporate investment banking, private banking, asset management and insurance services. The Intesa Sanpaolo Group has approximately 13.5 million customers in Italy and 7.1 million customers abroad through commercial banking subsidiaries in 12 countries in Central and Eastern Europe, the Middle East and Africa du Nord, as well as an international network to support corporate clients in 25 countries. Intesa Sanpaolo is recognized as one of the most sustainable banks in the world and is committed to becoming a reference model in terms of sustainability and social and cultural responsibility. Intesa Sanpaolo supports major projects for economic inclusion and poverty reduction, including a €1.5 billion impact fund for loans to social groups struggling to access credit. The Group has a fund of 6 billion euros dedicated to the circular economy. The Group is also deeply involved in cultural initiatives in Italy and beyond, with the aim of preserving, promoting and sharing Italy’s historical and artistic heritage, also through permanent and temporary exhibitions hosted at the Gallery d’Italia, the Intesa Sanpaolo museums located in Milan, Naples, Vicenza and soon Turin.

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1 Source Deloitte: Bank of Italy and ISTAT data processing

2

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Intesa Sanpaolo SpA published this content on January 31, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on January 31, 2022 1:49:10 PM UTC.

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