UniCredit has partnered with Northstar Europe to provide small-scale export finance solutions.
This deal marks the first agreement between a German bank and export financer Northstar.
Under the agreement, UniCredit, along with export finance bank Ausfuhrkredit-Gesellschaft, will offer Northstar customer’s long-term financing from €500,000 to €5mn (US$658,000 to US$660mn).
With the aim of ensuring that requests are processed efficiently and on a one-stop basis, HypoVereinsbank – part of the UniCredit group − has set up a specialised UniCredit export financial express office.
"In recent years, many exporters were compelled to review their risk-assessments even for smaller financing solutions. New concepts are required to comply with the trend towards long-term export finance,” says Inés Lüdke, head of structured trade and export finance at UniCredit.
Last Updated April 24, 2012
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