12/14/23

Earthquake emergency in the territory of the Municipalities of Brisighella in the province of Ravenna, Castrocaro Terme Terra del Sole, Modigliana, Predappio, Rocca San Casciano and Tredozio in the province of Forlì-Cesena: initiatives to support customers

Banca Progetto is alongside its customers to overcome the emergency following the exceptional seismic events that occurred on 18 September 2023 in the territory of the Municipalities of Brisighella in the province of Ravenna, of Castrocaro Terme and Terra del Sole, of Modigliana, of Predappio, of Rocca San Casciano and Tredozio in the province of Forlì-Cesena, activating the legally mandated measures. The effects are extended to the territory of the Bocconi hamlet of the Municipality of Portico and San Benedetto (as per Resolution of the Council of Ministers of 17 September 2024).

Banca Progetto has implemented the measures envisaged by the Ordinance of the Head of the Civil Protection Department (OCDPC) of November 27, 2023, n. 1042 – published on the Civil Protection Department website and in the Official Gazette no. 284 of December 5 2023 - regarding the suspension of mortgage payment installments following the declaration of the state of emergency (resolved on November 3, 2023).

In particular, the Art. 6 ("Suspension of loans"), paragraph 1, of the aforementioned Ordinance established that the aforementioned event constitutes force majeure pursuant to and for the purposes of art. 1218 of the civil code. In this regard, it is hereby communicated that with the resolution of the Council of Ministers of 21 October 2024 – published on the website of the Department of Civil Protection and currently being published in the Official Gazette – the state of emergency is extended for a further 12 months.

n this regard, it is also provided for the holders of loans relating to the buildings cleared, or to the management of commercial and economic activities, including agricultural, carried out in the same buildings, upon presentation of a self-certification of the damage suffered, the right to ask the institutes credit and banking institutions, until the aforesaid property is viable or habitable and in any case no later than the date of cessation of the state of emergency (November 3, 2025), a suspension of the installments of the same mortgages, opting between:

• the suspension of the entire installment

• the suspension of the capital quota only

Customers can then request the Bank to suspend payment by submitting the relevant request (see Annex 1) accompanied by self-certification pursuant to Presidential Decree 28 December 2000, no. 445 and subsequent amendments (see Attachment self-certification).

The total suspended amount must be returned to the Bank without additional expenses and/or charges in terms of commissions or preliminary investigation costs. The maturity of the loan will be extended for a period corresponding to that of the suspension.

In the event of suspension of the principal portion only, the borrower will pay the Bank, for the duration of the months of suspension, an installment of interest only calculated on the residual principal debt, at the rate and in the manner set out in the contract.

In the event of suspension of the entire installment (principal + interest), the interest accrued and possibly suspended during the period, unproductive of further interest, will be divided into installments of equal amount on the subsequent installments due and will be entirely due in the event of repayment or subrogation of the loan.