Since 1 January, five Lombardy-based mutual guarantee institutions have joined forces to create a new hub offering innovative credit tools to SMEs. Today, Confidi Systema! unveiled its plans for developing the real economy to the financial community and institutions. With nearly 60,000 member companies, over €1 billion in outstanding loans, €538 million in guarantees, and €225 million in available liquidity, the new company is already one of the largest mutual guarantee institutions in Italy.
