UniCredit Leasing Romania takes EUR 70 mln loan from EBRD to finance SMEs
<p>The European Bank for Reconstruction and Development (EBRD) announced that it is granting a senior loan of up to EUR 70 million to non-bank financial institution (IFN) UniCredit Leasing Corporation (UCL) as part of the Financial Intermediation Programme.</p>

<p>The loan granted by the EBRD will be used to finance small and medium enterprises in Romania, in line with the FIF-IMM Policy Statement, <a href="https://www.economica.net/berd-imprumuta-unicredit-leasing-corporation-ifn-cu-70-de-milioane-de-euro-pentru-finantarea-imm-urilor-din-romania-in-special-pentru-investitii-verzi_771189.html?mc_cid=965c18eee3&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economica.net </a>reported. At least 40% of the money must go to projects that comply with the green economy transition criteria.</p>

<p>UniCredit Leasing Corporation is owned by UniCredit Bank Romania.</p>

<p>According to the EBRD, UCL has adequate and suitable systems based on UniCredit and IFC standards. The institution has designated personnel responsible for managing and verifying environmental and social issues.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">Jerome Cid/Dreamstime.com</a>)</em></p>