 The bank provided subsidized loans and intermediates for companies to access government incentives.Istituto Regionale per il Finanziamento alle Medie e Piccole Industrie in Sicilia or IRFIS was founded on 31 October 1952 as a statutory corporation, which was one of the 19 "mediocredito" of Italy.The banks provided medium term loan to medium and small companies from their regions.