(AGENPARL) – gio 29 dicembre 2022 UniCredit
Public
PRESS RELEASE
Milan/Luxembourg, 2
December 2022
UniCredit: €750 million in additional loans to
aps in
Italy thanks to the EIB Group’s investment in a new consumer loan
securitisation operation
Different classes of securities were
underwritten
by EIB and EIF
The additional credit will support the investments and working capital requirements of
Italian small businesses and mid
cap companies
the last few
days, UniCredit concluded a new securitisation operation for a portfolio of consumer
loans originating from the bank totalling around €850
million.
The senior and mezzanine tranches of the notes (which received ratings from DBRS and Moody’s
issued by t
he securitisation vehicle were purchased by the European Investment Bank (EIB) for a
total value of €700
million and by the European Investment Fund (EIF) for an additional €50
million
on the back of UniCredit’s commitment to provide Italian small business
es and mid
caps with an
equal amount of additional credit over the next 36
months.
Subsidised loans,
with a minimum duration of
24 months, may be used by companies to support
investment projects or their own working capital. A share of not less than
30% of the total will be
earmarked for initiatives aimed at supporting the adoption by companies of more environmentally
sustainable business models.
Small businesses play a key role in promoting green and innovative investments. Thanks to the
excellent
relationship between the EIB Group and UniCredit, further consolidated thanks to this
operation, small businesses and mid
caps in Italy will be able to benefit from subsidised loans to
invest in their future
EIB Vice
President and EIF Chair
Gelsomin
a Vigliotti
“Small businesses are the engine of our economy
and it is our responsibility to help them grow
and to support them in the ecological transition process. These new loans demonstrate our
continuing commitment to this goal, made even stronger by our long
standing partnership with the
EIB Group. These fund
s can provide concrete support for businesses to continue to effectively
serve their customers and the communities in which they operate
,” added
Deputy Head of
UniCredit Italia Remo Taricani
This new operation is part of a framework of collaboration with
the EIB Group (EIB and EIF) which,
in keeping with the capital efficiency objectives identified in the “UniCredit Unlocked” plan, has
generated in the last year five important securitisation operations that have enabled UniCredit to
make additional credit
available to companies in the countries where it operates.
In particular, during the summer UniCredit finalised with the EIB Group under the European
Guarantee Fund (EGF) three synthetic portfolio securitisation transactions that enabled the
UniCredit Group’s banks to make available to companies in Italy, Germany and Bulgaria additional
credit.
UniCredit
Public
In November 2021, a first synthetic securitisation transaction was signed on a portfolio of loans
on which the EIB Group offered protection for the me
zzanine tranche, enabling UniCredit to make
available to Italian small businesses new loans totalling €720 million.
mentioned
transactions, which saw UniCredit Bank AG act as sole arranger and