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CDP operates as a specialised lender exclusively focused on financing Italian public-sector investments and other low-risk activities.
CDP enjoys a dominant position in the public finance sector in Italy, being the main provider of loans to small-medium sized local authorities.
CDP benefits from an excellent asset quality due to the low-risk profile of public sector borrowers and the high degree of diversification with practically every single local authority in the country included in the company’s loan portfolio.
On the liability side, CDP benefits from an extremely robust and stable source of liquidity through State-guaranteed retail postal savings products.
CDP benefits from explicit and implicit support from the Italian State, which is closely involved in the company through legally required majority ownership, oversight on its public interest activities, direct guarantee on the vast majority of its funding.
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