UniCredit Bank received from the Ministry of Public Finance (MFP) an additional 889 million lei for the credit guarantee ceiling for small and medium enterprises through the IMM Invest Romania programme, according to a press release of the bank sent to AGERPRES on Wednesday.
With the increase of the initial ceiling, the amount reached over 1.5 billion lei.
So far, UniCredit has used 680 million lei through the IMM Invest program, using its own funds and state guarantees to finance the real economy and offering support to a wide range of Romanian companies affected by the pandemic. Thus, since the beginning of the IMM Invest program, UniCredit Bank has provided credit facilities guaranteed by the SME Invest program to companies in many sectors of activity - production, construction, agriculture, food industry, IT, transport, as well as in many other fields.
The Romanian state, through the National Credit Guarantee Fund for Small and Medium Enterprises (FNGCIMM), guarantees in a proportion of 80 per cent or 90 per cent of the value of loans granted for SME financing, depending on the type of company. Starting with August 25, 2020, together with medium-sized companies, micro-enterprises, and small companies can access state-guaranteed loans, through the SME Invest program, up to 5 million lei.
UniCredit Bank is part of UniCredit, a successful pan-European commercial bank with an integrated system of Corporate and Investment banking services, which offers a unique Western, Central and Eastern European network to its customer base.
The Group is present in Romania through UniCredit Bank, UniCredit Consumer Financing, UniCredit Leasing Corporation, UniCredit Insurance Broker, UniCredit Leasing Fleet Management and UniCredit Services.