In a gesture of support and solidarity with the people of northern Italy, BNL Gruppo BNP Paribas has launched a series of initiatives in the wake of the earthquake.
Working to come up with concrete solutions to the needs of families and businesses hit by the major quake in recent days, the bank has taken these measures:
- creation of a solidarity fund with an allocated budget of 200 million euros, to assist small and medium enterprises in the affected region to get their businesses up and running again;
- suspension – for a period initially set at six months, although this may be extended – of loan repayments on residential, commercial and industrial property damaged – even partially – by the quake;
- waiving of commission on credit transfers – to BNL or other banks – to assist the earthquake emergency fundraising appeal. Any commission paid on such transfers while changes were being made to our information systems will be returned by the bank.
BNL Gruppo BNP Paribas shall also introduce special-terms financing solutions for families and businesses to help them rebuild their properties and return to normality. In more detail:
- Personal Solidarity Loan: special-terms, commission-free financing for individuals, with pre-amortization period of up to 12 months.
- Small and Medium Enterprise Financing: special-terms loans for traders and small and medium enterprises whose businesses were damaged by the earthquake or whose premises require repair or reconstruction. These loans allowing beneficiaries to postpone or reduce the economic burden by deferral of the first repayment for a period of 24 months.
Fondazione BNL, which works in targeted solidarity and voluntary aid programmes, has allocated, as in previous emergencies of this nature, a fund of 100,000 euros for initiatives aimed at helping those most in need.
Safety inspections having been completed, all BNL branches in the affected areas are open as normal and fully operative.