Banca Progetto, the cards of the commissioner decided by Bankitalia

Bank, yesterday commissioned by the Bank of Italy, yesterday with a member with a few precedents on a credit institution of this size, was commissioned, is a problem for the national via not only for the new uncovered numbers beaten (more than 110 million euros of more accounted years of non -accounted losses, two parameters on the deteriorated credit credits under the minimum tax provided for by the regulations), but also because this happened despite the fact that the situation of the project was « in the attention of the project, which had been » the attention of « which had been » Inspections « in November 2021 and February 2022 » had ended with a « partially unfavorable » judgment, a penalty of 100,000 euros, and subsequent complaints to the « delays and slowdowns in the actual implementation of remedy activities », as well as « doubts about the completeness and suitability of the interventions carried out ».

Critical situation

Perhaps, however, a little more little compared to the real situation that the Bank of Italy itself now writes that it has found since a new inspection team has entered the Bank Progetto on 30 October 2024: that is, a week after the prosecutors Silvia Bonardi and Paolo Storari had obtained the judicial administration of the institute of which they had discovered the ease in the era of the prevention measures of the Court of Milan in eradicating loans (even entrepreneurs in the orbit of ‘Ndrangheta for at least 10 million) assisted, in the event of non -return, from the public guarantee of the « lot of pants », that is, of the central mediocredit to support and medium enterprises.

Non -accounted losses

The new inspection analyzes, now summarizes via Nazionale, « have highlighted a marked underestimation of the risk of the loan portfolio » because the Npl Ratio – that is, the ratio between the total of deteriorated credits (Npl -Non Performing Loans) and the entire stock of the credits provided by the bank – « risen to 17% against 11.2% of September 30, 2024. Still accounted for by the company: at 31 December 2024 the own funds descend from 296.4 million euros to 188 million net of tax effects « , and the TCR (that is, the ratio between the total capital of the bank and the weighted assets for the risk) was reduced » from 13.9%to 9.3%, lower than the minimum level (10.10%) imposed by the supervision « , with » also the lever coefficient under the regulatory threshold under the regulatory threshold threshold (1.9% instead of 3%) ».

Irregularities also in anti -money laundering

In addition « the presence of a significant rate of positions still in pre -amortization (23%) and in the moratorium (6%) represents a further factor of possible prospective aggravation of risky and asset situation ». Already only by limiting himself to the sample examined by the Banca d’Italia inspectors, « the reclassification among the deteriorated 96 debtors in bonis (74% of the total of the credits of the species included in the sample) has been imposed, there were » greater losses for 91 million « , and » additional rectifications on deteriorated credits not included in the inspection champion for 24 million « are loomed.
Banca d’Italia then notes that serious irregularities also in the anti -money laundering « they lasted even after the start of the judicial administration, contributing to raising the loss forecasts: serious anomalies widespread » for example, for example, the relations with Samag Holding Logistics Spa invested, on which the Institute lost 14.3 million out of 33 lent before the company ended up in a judicial liquidation, with a month ago, with a month ago, with Logistic Care Srl, Atlas Consulting Group, Luxury Cloud Srl, Hospitality Alto Salento Srl, group Helbiz. And with reference to the « inspection analysis carried out so far on a sample of 17 positions presented by the financial agent Marfin srl » (at the center of another criminal proceeding of the Brescia Prosecutor’s Office), on « an exhibition on 30 September 2024 of 51 million the reclassification between the deteriorated » determined « greater losses for 7 million ».

Lack of management and control bodies

This « model of non -prudent growth, inspired by an accentuated development of volumes without substantial adjustments of the garrisons », for the Bank of Italy was promoted by the ex to Paolo Fiorentino, « which minimized the scope of the deterioration of the quality of the assets on the basis of the coverage ensured by public guarantees », also thanks to the « unsatisfactory action of the board that has always acryredically endorsed it », and the « largely lacking action of surveillance action of the college trade union ».
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