PROJECT

Projects

Summary of Investment Information

Project Number

47754

Company Name

UniCredit Leasing Corporation IFN S.A.

Date SPI Disclosed

Jul 5, 2023

Country

Romania

Region

Europe

Projected Board Date

Aug 4, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Nov 30, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Oct 6, 2023
Signed : Nov 14, 2023
Invested : Nov 28, 2023

Sector

Leasing Services

Project Description

 The proposed investment consists of up to EUR50 mn (approx. US$53 mn equivalent) senior unsecured loan to UniCredit Leasing Corporation IFN S.A. (UCLC or the Company). 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 (SMEs) 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).                                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation