UniCredit has launched the new edition of the "UniCredit for Italy" plan with the aim of offering a concrete support to the country at a time of economic challenges. The plan includes a series of initiatives aimed at supporting household consumption, providing resources for the development of specific sectors and contributing to local growth, for a potential value overall 10 billion euros.
After already intervening last year with operations aimed at mitigating the effects of energy and raw material price increases on households and businesses, the bank has decided to expand its support. These new measures represent a further sign of the Unicredit group's commitment to its customers and the communities in which it operates.
Shares available to individuals and families
Among new actions that UniCredit puts available to individuals and families there are:
- Flexibility in mortgage repayments: for those who have not already used it, the possibility of remodulating their mortgage at no cost is renewed, suspending the repayment of the principal amount for 12 months, or reducing the amount of the installment by extending the expiry for a period up to up to a maximum of 4 years. In the face of a different request from the customer, the bank, subject to a credit assessment, reserves the right to extend the term of the loan for even more than 4 years
- Installments for purchases and utilities: for customers with an ISEE of less than 25 thousand euros in possession of a Flexia card, the possibility of requesting zero-interest installments - from a minimum of 3 months to a maximum of 20 - of the expenses incurred with the card has been introduced
- Bonus 500 euros on personal loans for new births: up to 30 September to customers who obtain a new loan of at least 10 euros to support current family expenses, UniCredit is offering a bonus of 500 euros upon presentation of the birth certificate from 1 January 2023
Actions in favor of companies
With regard to companiesAmong the most significant measures are:
- Un ceiling of 6 billion euro for new loans intended to support companies in the tourism sector, the excellence of Made in Italy and companies operating in the Italian Special Economic Zones (ZES). To facilitate investments that require longer times to become fully operational, a grace period of up to 36 months is possible, during which only the interest portion will be repaid
- Moratorium until the end of the year on the capital portion of the loans existing medium and long-term loans for all companies that have not already made use of public guarantees
- Zeroing of POS commissions for merchants with turnovers within one million euros and for transactions carried out in physical points of sale with amounts up to 10 euros
"Italian families and businesses have demonstrated extraordinary resilience and adaptability in the face of significant macroeconomic pressures, including rising rates and high inflation. These extraordinary individual responses have allowed Italy to react collectively stronger than expected, so much so that the economic situation in recent months has been better than could have been feared. As UniCredit has always done, our role is to supporting customers and communities even in the most difficult momentsthe. We will continue to offer concrete help to families, communities and businesses to accelerate their individual growth paths and our collective path to success,” he said Andrea Orcell, CEO of UniCredit and Head of UniCredit Italia.
“With this second edition of 'UniCredit for Italy' we renew our concrete commitment and the will to put ourselves on the side of all customers. We continue to support individuals, households and businesses by allowing more flexible management of their financial commitments to better address the various daily priorities and also by making new resources available for investments. In this way, we want to strengthen the foundations for guaranteeing the country sustainable growth for the benefit of all territories” he commented Remo Taricani, Deputy Head of UniCredit Italy.
