Mar/090
Interest loans for earthquakes of Abruzzo
According to the press release from the Revenue on 13 July 2009, were made available to the operational guidelines necessary for the use of tax credit for citizens affected by the earthquake last April 6, for the repair of homes mainly in the form subsidized financing.
By decision of 10 July 2007, the Director of the Revenue has been provided with all necessary information, from the mode of application and instructions for using the tax credit.
The full text is available on the website of the Revenue – http://www.agenziaentrate.gov.it/ilwwcm/resources/file/eb320207481876c/provv_abr_pdf.pdf
Mar/090
Puglia and combating the crisis, here are the banks most virtuous
With the support of the Regione Puglia combating the crisis becomes easier and banks can more easily provide credit to small and medium enterprises.
The banks that facilitate the transaction will be published in two ways: the media will release those who are committed to provide loans through the ban “Aid to investment programs of Micro and Small Enterprises and individuals can make use of the list” of virtuous ” through the Website of Economic Development www.sistema.puglia.it.
Deputy Mayor for Economic Development Loredana Capone says:
“Today, we reinforce a way of working inspired by transparency. Publishing the data and making them accessible to all, we expect to improve the competitive capacity of banks. The crisis leads us to a struggle in which the actors involved must play by all players. The Region has done its part by publishing notices to 11 Euros 508milioni 770mila in a few months, companies are planning investments on their part with great vivacity. Banks a great responsibility not to close the taps of the credit. So we felt the need to transfer to citizens and businesses to exactly know how they work in the institutions with regional funds. Sometimes the reputation of financial operators tends to overshadow the results. We would rather that those who work hardest to emerge because the competition is not in words. If a bank is missing or not very active in our directory, you understand that hardly agree to help finance an investment with regional contributions. Today the situation is one that we are talking, but the site is dynamic then update, hopefully with the involvement of children absent.
“Over the last 15 days – added Loredana Capone – I have spent much time listening to unions and professional associations in each sector. All the social state in small banks gives business’s greatest crisis of our economy. I made a commitment to do everything in my power to help to untie this knot. Transparency and competition are key intervention today. I gave the Councilor sent technicians to check what is possible to predict improvement of temporary schemes “.
Here’s how to reach the elend banks and their work:
Access to data from the portal
now possible to monitor in real time the Bank’s work (for the granting of loans) and trusted (for security), is open to all via the Website of Economic Development www.sistema.puglia.it.
The route is simple: you must first register on the site and then open the news in the foreground, notice the section on “Aid for investment programs of Micro and Small Enterprises” (which is also called the portal “aid scheme — Title II “). From there, the link “Item in progress” leads to two pages: “The work of Banks” and “The work of Confidi.” So you can see in real time the position of the practices of grant, respectively, of the loans and guarantees. On the left are listed banks or Confidi, the center the number of practices, right to total investments. The page is dynamic then allows a continuous updating of the situation. At the same news also accessed through the “Active Calls”.
How does the following notice:
The notice
the notice “Title II” handles about 400 million investment fielding 100 million of public funds. This is an interest subsidy, which the Region pays a sum that corresponds to the interests that the Company shall pay to the bank to obtain a mortgage. With the difference contribution comes to companies in a single advance. So not only are slaughtered interests, but the support in a single solution works as a grant in the capital account. Have access to the companies concerned to submit their applications directly to the bank instructing the practice and forwards it to the Region. If the bank grants the loan, the Region provides the company with interest. Applications for relief must relate to investment projects initial minimum amount equal to 30 thousand Euros for the creation of a new production unit, expansion or modernization of existing production unit, diversification of production, and a change in the production process. The notice is to stop, so it is open (from 23 April) until exhaustion of resources.
The initiative of the Puglia region is truly commendable. Not only ensures greater competition between banks, but allows all citizens to understand how we are doing the operations, secure the feed-back.
At the same time it facilitates the small and medium enterprises with the necessary funding to operate in a time of crisis.
I hope that the initiative will expand to all the Italian regions and ports soon its benefits.
Mar/090
Beginning with the procedures for bank transparency
Yesterday the Bank of Italy has published the rules regarding the operation of bank transparency. Through this action is intended to simplify the language of banking procedures and improve the customer-bank relationship.
Bank of Italy published a report which outlined a few things:
The rules are designed to provide customers with clear and accessible, ensuring the accurate perception of all costs related to the services offered, their easy comparability with offers from other intermediaries, the understanding of rights that customers and the ways in conquest can be activated and applied in practice. The new rules, graduate the type of service and customer characteristics which it is addressed, include:
- simplification of the content of documents intended for customers, and – for the latest product diffuse, prevalent as current accounts and mortgages offered to consumers – the adoption of schemes “standard” prepared by the Bank of Italy;
- Clearer illustration of the rights of customers, achieved through the predisposition of some practical guides on models developed by the Bank of Italy;
- Greater immediacy of the information given, especially on the cost of services: the use of summary measures of cost is also required for the reliable and current accounts for the retail customers, as well as for mortgages and consumer credit as currently planned;
- sending to the holder of a summary of all expenses incurred in the year, which allows easily, compare the actual costs of current account with those of similar products on the market
- the discipline of a simple current account, designed on the basic needs of consumers, which will include a certain number of transactions and will be characterized by a fixed annual fee;
- The criteria for the preparation and presentation of documents, is which must be expressed in a simple and clear language.
The key point of the new provisions and obligations of transparency and complementarily is between organizations of brokers. Businesses are then asked to adopt procedures to ensure that be given adequate attention to the customer in every phase of making, from the product, sale, up to the management of any complaints.
The rules will be published in the Official Journal; intermediaries are required to adapt by 31 December.
This is the press release in which the Bank of Italy announced the beginning of a new era in which the statements will be readable and you will understand why we pay certain costs.
But banks will keep abreast with the criterion of “good father” or disengaged as they did for the standard Bersani years ago?
Do you remember how much time was spent before the law was respected?
I remain very doubtful about the implementation of this regulation, however, are very happy to see that finally it was noted the problem of banking communities.
I think everyone we dealt with the banks and that each of us knows the complexity of the topic and the need for simplification. We will see later in December the results obtained by this legislation.