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EBRD and UniCredit join forces to support businesses across eastern Europe |
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7 May 2009
Over €430 million to boost lending to real economies during crisis
The EBRD and the UniCredit Group, one of the largest European banking groups, are joining forces to boost the flow of credits to small and medium-sized enterprises (SMEs) across central and eastern Europe.
The EBRD is making investments worth a total of €432.4 million in UniCredit subsidiaries across eight eastern European countries, as part of a joint effort to tackle the impact of the global economic crisis on the region. The aim is to provide medium and long-term debt and equity financing through UniCredit subsidiaries in support of SMEs, lease finance and energy efficiency projects.
UniCredit is the largest banking group in the central and eastern European region, with over 4,000 branches in 19 countries. The group has invested around €10 billion of equity in central and eastern Europe and has around €85 billion of total customers loans in the region.
The individual components of the €432.4 million investment facility are the following:
UniCredit (UC) Bank Hungary |
SME lending |
€50 million |
Bulbank ( Bulgaria ) |
SME lending |
€50 million |
Zagrebacka Banka ( Croatia ) |
SME lending |
€50 million |
UC Bank Serbia |
SME lending |
€30 million |
UC Bank Bosnia |
SME lending |
€30 million |
UC Leasing Serbia |
Leasing |
€15 million |
UC Leasing Bosnia |
Leasing |
€15 million |
UC Leasing Ukraine |
Leasing |
$25 million |
ATF (Kazakhstan) |
SME lending |
$70 million |
ATF ( Kazakhstan ) |
Energy Efficiency |
$30 million |
Ukrsotsbank (Ukraine) |
Tier 2 capital |
$100 million |
ATFBank-Kyrgyzstan |
SME lending |
$20 million |
Source and full text: http://www.ebrd.com/new/pressrel/2009/090507g.htm
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