New agreement with a package of initiatives tailored to the Tuscan wine production: funding for the replanting of the vineyards and advances for expenses to promote the quality and assist the growth of producers.

Florence, March 6th 2014.

Renewed support of Banca Monte dei Paschi di Siena to the wineries of the Consorzio of Vino Chianti. The Bank of Siena has signed an agreement for producers of the Consorzio in the districts of Florence, Siena, Arezzo, Pisa and Pistoia. The document was signed today in Florence by Giovanni Busi, President of the Consorzio, and Gianfranco Cenni, Head of the Northern Tuscany of Banca Mps.

The agreement provides a package of ad hoc measures particularly favorable dedicated to the needs of the wine industry at a particular time for the market requiring ever higher quality and, therefore, require innovation and increasing attention in the vineyard and in the cellar.

“One of the missions of Banca Mps is the attention to the wineries– says Gianfranco Cenni, Head of the District Area linked up with the Florence office- and the wine industry is one of the symbols of the productivity and Italian style, which has in Tuscany one of most excellent places. Farming is also part of the inner essence of the Bank, historically born from the farm-produce industry and goes on following with attention for the positive and direct effects on linked activities and on the environment”.

The presence in the territory of farmers and especially of wine producers is an essential tool in maintaining the economic growth and ecosystem, besides representing one of the most attractive cultural showcase for consumers who know ho to appreciate the connection between products and landscape.

“Last year, the Consorzio and BMps entered a first 10 mln euros agreement for the growth, in support of Chianti wine producers and made available by Banca Monte dei Paschi di Siena. Today, underwriting a new agreement is a practical help to the entire wine sector- says Giovanni Busi, president of the Consorzio Vino Chianti. “We hope that this second operation may further help to revive economic situation always very difficult for our companies. Many of our vineyards are to be renewed completely, many of our wineries require important structural renovations. So, we hope that our deal has as an outcome a good motivation in order to increase the economic conditions for future”.

The agreement provides for a line of credit for planting and replanting of vineyards, a line dedicated to the ageing of wines, one for the purchase of machinery for the processing of the vineyards and the cellar equipment and one for the advance of production costs.