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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  UniCredit S.p.A.    UCG   IT0005239360


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UniCredit S p A : IFC Lends Support to UniCredit Leasing to Enhance SME and Climate Financing in Romania

11/16/2020 | 04:53am EST

IFC, a member of the World Bank Group, is lending its support to UniCredit Leasing Corporation (UCLC), Romania's top leasing company, to increase access to finance for small and medium sized enterprises (SMEs) and to provide more climate finance to its clients across the country.

The EUR27.5 million investment will generate jobs, boost energy-efficiency measures, and help reduce carbon emissions.?

Access to finance for businesses in Romania, particularly for micro, small and medium sized enterprises, is limited and the country has a reduced level of financial intermediation. IFC's investment will help bridge this financing gap, with UCLC directing 60 percent of it to SMEs and at least 40 percent to climate-related projects.

'Accessing this new line of financing comes as a natural step in the traditional relationship we have with IFC. UniCredit Leasing will use these funds to support the SME segment, but also in financing structures for assets that will lead to reduced emissions and promote green energy production, in line with the broader sustainability strategy of the UniCredit Group', said Daniela Bodirca, CEO of the UniCredit Leasing Corporation. 'As leaders of the leasing industry in Romania, we offer customers competitive offers designed to support their development plans and pay maximum attention to service quality'.

This financing will also support UCLC in the implementation of a new green financing business line and strategy. UCLC will continue to maintain appropriate environmental and social management systems for related leasing portfolio, including providing tools and trainings that leverage IFC global experience in climate financing.

'This operation will help diversify the funding mechanisms available for the SME sector, which is an underserved segment in Romania', said Vittorio Di Bello, IFC's Regional Head of Industry for Financial Institutions in Europe and Central Asia. 'Moreover, it will enable our long-standing client UCLC to build capacity to successfully finance energy-efficiency projects. Clearly, sustainable growth will take a new importance as we recover from the current crisis in the region, representing new business opportunities for financial institutions that are best equipped to seize them'.

An IFC client since 2017, UCLC is a fully consolidated subsidiary of the UniCredit Group of Italy. The proposed project builds on IFC's existing relationship with both the company and the group, especially in SME finance, and will represent IFC's first engagement with the company in the climate-finance space.

About IFC

IFC-a member of the World Bank Group-is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org.

About UniCredit Leasing Corporation

UniCredit Leasing Corporation IFN SA is part of the UniCredit Romania financial group, together with UniCredit Bank and UniCredit Consumer Financing, offering its beneficiaries a complete range of financial products and services and other ancillary services. UniCredit Leasing Corporation IFN S.A. and UniCredit Leasing Fleet Management S.R.L. provides financial leasing products and operational leasing products. In addition to the services related to these major areas of the leasing industry, the brokerage company UniCredit Insurance Broker S.R.L. serves the area of insurance intermediation services. UniCredit Romania is part of UniCredit, a successful pan-European commercial bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise.

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Sales 2020 17 206 M 20 783 M 20 783 M
Net income 2020 -1 969 M -2 378 M -2 378 M
Net Debt 2020 - - -
P/E ratio 2020 -8,99x
Yield 2020 1,53%
Capitalization 17 155 M 20 741 M 20 720 M
Capi. / Sales 2020 1,00x
Capi. / Sales 2021 0,98x
Nbr of Employees 83 621
Free-Float 89,6%
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