According to the IFC, the proposed investment consists of up to EUR50 mn senior unsecured loan to UniCredit Leasing Corporation IFN S.A. (UCLC). UCLC is part of UniCredit Group, a pan-European banking group with presence in Italy, Germany and Central and Eastern Europe. UCLC is the leader of the Romanian leasing market and an existing IFC client since 2017. The proceeds of IFC’s investment are to be earmarked (i) up to 50% to support on-lending to small and medium enterprises and corporates in Romania, and (ii) at least 50% to funding eligible sustainable energy finance projects that meet eligibility criteria established by IFC.
The Project has been categorized as FI-2 in accordance with IFC’s Sustainability Policy.
As stated by the IFC, UCLC is 99.96% held by UniCredit Bank SA, one of Romania’s systemic banks. UCB is controlled by UniCredit SpA Italy with 98.63%. UniCredit is a pan-European Commercial Bank with a unique service offering in Italy, Germany, Central and Eastern Europe. Group purpose is to empower communities to progress, delivering the best-in-class for all stakeholders, unlocking the potential of UniCredit’ clients and people across Europe.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|Unicredit SpA||Parent Company||Finance||owns||UniCredit Bank SA - Romania||Parent Company||Finance|
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Financial Intermediary - Unicredit Leasing Corporation SA:
Silvia Atanasiu - Strategy, Data Governance and Cash Management
Phone: (+40) 730.888.836
Address: 1F Expozitiei Blvd, 8th floor, District 1, Bucharest 012101 Romania
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