Intesa Sanpaolo suspends mortgage repayments to former Ilva employees

A sign of solidarity comes from Intesa Sanpaolo to support the employees of the former Ilva, customers of the bank, who are facing a moment of difficulty due to the uncertainty facing the steel plant.
Collecting the proposal of the Italian autonomous banking federation (Fabi, a banking syndicate), Intesa Sanpaolo has decided to suspend mortgage and personal loan installments for a period of up to 12 months. The workers concerned must submit the request to their Intesa Sanpaolo branch, which will initiate the procedure. And the group's branches in the area are available to provide further information on how to suspend.

Concrete support

Intesa Sanpaolo wants to demonstrate its closeness to former Ilva employees and supplier companies and their families at this time of serious difficulty – explained Carlo Messina, managing director and CEO of Intesa Sanpaolo – We felt that the suspension of mortgages and loans was a concrete support for local people and communities in the current situation. Attention to the dynamics and social needs of the territories for us is one of the cornerstones of our way of banking.

Messina, without agreement to nationalize former Ilva

According to the CEO of Intesa Sanpaolo, moreover, the Italian government should try to find an agreement with Arcelor Mittal on the former Ilva, which is the second steel production plant in Europe. If it were not possible, however, he should proceed to its nationalization: My expectation that there will be a negotiation on ILVA but if it was not possible to find an agreement with Mittal the government should consider a very hard nationalization, even against Europe, said the banker interviewed by Bloomberg TV.
really a very complicated situation because we have one of the best investors in the world, that Mittal, who wants to invest in our country and the decision to give the judicial shield, then the one of not giving it to him, then to give it to him again has created a difficult situation for the government Italian from a negotiating point of view. My expectation that there will be an Ilva negotiation. If not possible, warns Messina, the government should do everything to maintain a strategic asset for Italy. Even nationalizing the steel plant.