UniCredit Bank accelerates financing for companies through the IMM Invest Romania program, 2021 edition, by increasing the ceiling allocated by the amount of 464 million lei, thus reaching a total of 1.78 billion lei, the bank announced on Friday, according to agerpres .

According to the quoted source, UniCredit Bank received from the Ministry of Finance an additional 464 million lei of the existing credit guarantee ceiling for small and medium enterprises and small enterprises with medium market capitalization through the SME Invest Romania program, 2021 edition.

The bank’s representatives claim that the supplementation of the guarantee ceiling up to the value of 1.78 billion lei comes in the context in which UniCredit Bank has used for the most part, so far, the ceiling of over 1.316 billion lei initially allocated through the 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.

“With the support of UniCredit Bank, more than 1,600 companies have benefited from the guarantees of the SME Invest program. Among the sectors that received funding under the program are: trade (46%), consumer products and services (18%), construction (10%) , transport and storage (8%), agriculture, forestry and fishing (7%), as well as companies operating in the health and IT sectors “, the communiqué states.

The Romanian State, through the Ministry of Finance, represented by the National Credit Guarantee Fund for Small and Medium Enterprises (FNGCIMM), guarantees in proportion of 80%, respectively 90% of the value of loans granted for financing SMEs, depending on the category in which falls under the beneficiary of the program.

In the 2021 edition, an important component of the SME Invest program is represented by the Agro SME Invest Subprogramme, which supports eligible enterprises in the field of agriculture, fisheries, aquaculture and the food sector. In addition, in 2021 the program addresses small and medium-sized enterprises, with new areas eligible for funding being added, such as the manufacture of alcoholic and non-alcoholic beverages.

“The unprecedented situation created by the pandemic has demonstrated the resilience of the local business environment to adversity. Organizational capacity, innovation and access to technology together with the appropriate financial instruments have ensured the stability of the economy during this period. allows us to expand support for companies and thus continue to contribute to the recovery of the Romanian economy.From the beginning of the SME Invest program, UniCredit Bank has managed to offer, in a challenging period, guaranteed credit facilities to companies in many sectors of activity. thus fulfilling its commitment to be a reliable partner in the ongoing effort to support the local business environment.In addition, UniCredit Bank offers a wide range of financial instruments for all segments of corporate clients, through numerous partnerships concluded for accessing business schemes. guarantee be financed from the European Union or national budget “, said Antoaneta Curteanu, executive vice president of the Retail Division within UniCredit Bank.

Thus, at present, UniCredit Bank customers can access several financing programs with state guarantees or from the European Union budget, among which: EaSI, COSME, the SME Initiative, the Fund of Funds Program.

UniCredit Bank is part of UniCredit, a pan-European commercial bank with an integrated Corporate and Investment banking system, 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.

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