SUPPORTING THE RESTART OF THE AUSTRIAN ECONOMY
Wednesday 29 July 2020
EIF and UniCredit Bank Austria provide €500 million in subsidised loans for innovative companies with up to 3,000 employees #PartoftheSolution
The European Investment Fund (EIF) and UniCredit Bank Austria are strengthening their partnership and extending their existing guarantee agreement from 2019 of half a billion euros for SMEs also to companies with up to 3,000 employees.
The focus is on supporting innovation in products, services, production or delivery methods, organisation and processes. Furthermore, digitalisation has been included in the catalogue of criteria. Thanks to this, even more companies will benefit from this attractive method of financing as part of the restart of the Austrian economy after the Covid-19 crisis.
“We are the only commercial bank in Austria that can support its customers with these extremely valuable guarantees,” said Susanne Wendler, Member of the Board Unternehmerbank of UniCredit Bank Austria.
“To further support the Austrian economy, UniCredit Bank Austria is launching more financing options for companies that are focusing on our future. This underlines our role as a reliable partner for Austrian companies, especially in the difficult period, proving that we are #PartofTheSolution. These support measures comes in addition to the €23 millionof loans that UniCredit Bank Austria has processes together with InnovFin to support innovative companies.”