Law 488/92: The Credito Valtellinese Group signs an agreement on the granting of subsidized financing.

On July 13, Credito Valtellinese, Credito Artigiano, and Credito Siciliano signed an agreement with Cassa Depositi e Prestiti S.p.A. and the Department of Economic Development, which regulates the granting of subsidized loans to businesses, in accordance with law 488/92.
This form of assistance is earmarked for businesses that propose investment plans in the sectors of industry, tourism, and commerce in underprivileged areas around the country, including those classified under "Objective 1" or "Objective 2" by the European Union.
The law specifically provides for the issuing of grants and subsidized loans disbursed by Cassa Depositi e Prestiti, in combination with traditional financing of equal value and duration, supplied by the bank.

Loan applications can be submitted until the closing date on August 31, 2006. They will be accepted at all branches of the Credito Valtellinese Group, where any further information can also be provided.

For further information, contact:

Maurizio Benatti
Telephone 0342 522 855
Email: benatti.maurizio@creval.it