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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Unicredit Spa | BIT:UCG | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.49 | -1.40% | 34.58 | 34.51 | 34.82 | 35.25 | 34.54 | 35.095 | 8,234,527 | 17:00:00 |
From May 2019 to May 2024
By Kim Richters
Italian lender UniCredit SpA (UCG.MI) said Tuesday that it entered an agreement with the European Investment Fund to provide 50 million euros ($56.1 million) in loans to social enterprises in Italy.
The so-called social-impact-financing loans will be given to qualified for-profit and non-profit social enterprises with a maximum annual revenue of EUR30 million, the company said. Each business can receive an "affordable and discounted loan" of up to EUR500,000.
The agreement follows previous projects such as a EUR50 million portfolio guarantee by UniCredit and EIF to help 2,500 small Italian businesses and support for mid-cap companies with a focus on female entrepreneurs and innovation.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
July 09, 2019 06:40 ET (10:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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