RSS
UniCredit offered loans of over one billion euro for non-refundable European funds
The volume of loans approved by UniCredit Bank to the beneficiaries of public financing out of European non-refundable funds overpassed the level of one billion euro from the beginning of this activity, in the second part of 2009 and up to the end of 2015.
The end of 2015 represented the deadline for the implementation of the projects belonging to the financial programme period 2007 – 2013.
The volume of the loans is given by the value of the facilities destined to the implementation of the projects which benefitted from public non-refundable help between 2007 – 2013 as well as the facilities approved for the issuing of confort letters.
Thus, UniCredit Bank approved the co-financing of private contribution for a number of approximately 1,400 projects in the operational programmes destined to the private sector. The highest share was recorded in the industrial sector (the operational sector for the growth of economic competitivity)by almost 40% followed by agriculture ( the national programme of rural development)with 35% and the projects in the regional operational programme with 10%.
The bridge loans, which have as re –fundable source the sums collected from authorities represented approximately 40% of the volume approved loans, recording individual values ranging between 20 thousand and 20 million euro.
UniCredit announced that in the period of financial programming 2014 – 2020 it will continue to support the companies benefitting from non-refundable financing.
The bank analyses at present new opportunities for participation as financial go-between in schemes for guarantee offered to the initiatives of the European Commission (Horizon 2020 – the framework programme for research and innovation of the EU, COSME – the programme for competitivity for entreprises and SME and IMM Initiative – the initiative for IMM) with or without national budgetary allocation, which will allow it to offer its clients interest rates and improved guarantee conditions.
UniCredit Bank is part of UniCredit, European financial group with the most extended network in Central and Eastern Europe and one of the most important in Europe.
The group is present in Romania through: UniCredit Bank, UniCredit Consumer Financing, UniCredit Leasing Corporation, UniCredit Insurance Broker, UniCredit Leasing Fleet Management, UCTAM, Pioneer Asset Management and UniCredit Business Integrated Solutions.