The European Investment Bank (EIB) and the UniCredit Group have signed in Milan a €300m finance contract aimed at small and medium-sized enterprises (SMEs).
The EIB funds will be channelled to small businesses via UniCredit Leasing, the
Group’s dedicated global leasing business line. With a presence in 17 European countries, it operates via a specialised network with more than 2,900 employees.
Through UniCredit Leasing’s lease financing schemes, it will be possible to finance up to 100% of the total value of projects, with a cap of €12.5m per project. Other agreements with the EIB in support of the network in Austria, Germany, Poland and elsewhere in Europe will be concluded shortly.
The agreement forms part of the EU policy that the EIB is implementing in cooperation with banking groups aimed at improving small businesses’ access to credit as Europe emerges from the economic crisis.