BANK AUSTRIA SUPPORTS CLIENTS WITH €2.7 BILLION OF COVID LOANS
Friday 17 July 2020
Robert Zadrazil, CEO of UniCredit Bank Austria, shares details of how the bank has supported companies and private households during these challenging times #PartOfTheSolution
The Covid-19 pandemic has brought major challenges for the economy around the world, including in Austria where 50 percent of companies depend on exports.
Since the beginning of the crisis, UniCredit Bank Austria has granted loans in the amount of around €2.7 billion and implemented tens of thousands of deferrals showing once again that it is #PartOfTheSolution. In addition, every second export guarantee of OeKB (Oesterreichische Kontrollbank), was processed by UniCredit Bank Austria, i.e. about 50 percent. This is significantly above our usual market share of about 30 percent and shows that we are a reliable partner for our customers and support the Austrian economy.
As a leading bank in debt and trade finance, UniCredit Bank Austria can offer our customers tailor-made solutions that support them throughout the crisis, such as helping our customers access relevant and appropriate government support as well as with their liquidity management and financial planning. In addition, we offer our extensive financial know-how to companies to help them restart their engines again.