The European Investment Bank has agreed a
further €400m loan facility for UniCredit Leasing to fund SMEs in
Italy.
The loan is the latest in a series of funding
arrangements made between the EIB and the lessor’s parent bank
UniCredit.
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The most recent loan, announced when EIB
President Werner Hoyer and Federico Ghizzoni, chief executive of
UniCredit, met in Luxembourg this week, is aimed at companies with
up to 250 employees and can cover up to 100% of the investment or
€12.5m.
UniCredit Leasing said the funding is
available for SMEs active in the manufacturing, agriculture, craft,
commerce, tourism and services sectors and said a percentage will
be reserved for firms in southern Italy, a region particularly
badly affected by the current economic downturn.
Through the relationship with the EIB more
than 5,000 SMEs have received finance totalling €1bn via UniCredit
Leasing over the past three years in Italy, Germany and Austria and
via UniCredit’s subsidiaries to a number of countries in Central
and South-Eastern Europe, according to the bank.
grant.collinson@vrlfinancialnews.com
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