Not all banks have been, let's say, careful to give the necessary assistance to consumers, especially with regard to the famous mortgages guaranteed by the state up to 25 thousand euros. In the end do you see a bank that, perhaps, renounces its overdraft fees or its openings to charge only 0.6% -0.7% of interest to its customers? Let's be serious, who wants to hit himself on the foot.
So AGCOM had to intervene to give a little beating and give some sanctions:
- Unicredit, IntesaSanPaolo, Banca Sella and Findomestic are starting an investigation procedure against themselves for not having provided sufficient assistance and information in opening the files, especially when dealing with small and micro-enterprises. Furthermore, these sex institutions requested conditions not foreseen for the granting of the public guarantee, such as the opening of a current account or they would have tried to divert applicants towards high forms of financing;
- 12 other banks ((BNL, Banco BPM, UBI Banca, Crédit Agricole, Credem, MPS, Banco Popolare di Sondrio, Creval, BCC Pisa, Agos Ducato, Compass and Fiditalia) were seen to exercise the "Moral Suasion", ie they pulled their ears, because more or less they applied the same practices.
So these banks made the "Bad" a little, despite the fact that one of the first apparently to apply the Italian cure and the liquidity decree was precisely Intesa. of course the government could also give a direct alternative for liquidity using a standardized method, for example, by inviting Poste Italiane to provide mortgages to all the companies that presented themselves. Competition between banks and the post office would have worked much better than simply inviting the banks to "do good." Of course, this would have required a little more reasoning and a little less haste to pretend to do something, but you know, the appearance is what Conte and Casalino like …
thanks @ccottarelly for reporting …
The article BANKS BAD THAT DO NOT WANT TO GIVE MORTGAGE GUARANTEED BY THE STATE: INTERVENE AGCOM comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/banche-cattive-che-non-vogliono-dare-i-mutui-interviene-agcom/ on Thu, 11 Jun 2020 17:35:34 +0000.