announced earlier this year, UniCredit Leasing has confirmed that
it has now tightened its lending criteria.
“We are no longer granting finance to companies we would have
accepted a year or two years ago,” said Septimiu Postelnicu, the
general manager of UniCredit Leasing in Romania told the newspaper
Ziarul Financiar.
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“In the past we would more readily finance start-ups, but we are
now looking more carefully and prefer established companies,” he
added.
A UniCredit spokesperson confirmed that there has been a clear
shift from volumes to value: “We have to be much more careful about
which customers we will finance – they have to be trustworthy and
have a solid portfolio, from the risk-ratio perspective. We are
trying to offer our customers a value-added service which we can
only do if we pay attention to risk. The UniCredit Group has a very
solid position, even in the volatile international context.”
Earlier this week UniCredit Group’s board of directors approved
capital-strengthening initiatives, to raise up to €6.6bn.
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