Cross border credits now easy and flexible to access in 20 countries
The UniCredit Group has the most comprehensive network in Europe. This enables the Group to offer a special product to its multipresent corporate customers: the Cross Border Plus Credit. This is a custom-tailored solution, for start up companies as well as for mid- and large-sized companies, to arrange the financing of their subsidiaries in the CEE countries as well as Italy, Austria and Germany. UniCredit Group offers this unique service to more than 100,000 companies in 20 countries across Europe.
The Cross Border Plus Credit is unbureaucratic and fast to access: every UniCredit Group customer can address his relationship manager at parent company level for such a credit. Based on the overall business relationship and the parent's creditworthiness the parent's bank extends first class references to the UniCredit Group bank wherever credit is needed. In the country where the subsidiary is domiciled, the local relationship manager then takes care of the quick local credit process, ensuring a swift disbursement of the facility. The cus-tomer can choose from different loan arrangements, for example a working capital facil-ity/overdraft, investment loans and guarantees. Furthermore the credits are available in an amount of up to 10 million Euros (or counter value in local currency) and up to a tenor of 5 years.
With the Cross Border Plus Credit the customers' needs are perfectly met. Companies are not only able to increase the business abroad in an efficient way, but furthermore they get assistance from a strong partner with a large network spanning Europe. The first truly Euro-pean Bank, the UniCredit Group, currently operates in 20 core countries. After the merger with Capitalia the Group has 9.000 branches. Throughout this network the relationship man-agers offer the Cross Border Plus Credit to their customers.
Vienna, 18 October 2007
Enquiries: Bank Austria Creditanstalt Press Office
Silvana Lins, Tel. +43 (0)5 05 05-56036;
E-Mail: silvana.lins@ba-ca.com
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