UNICREDIT BANK S.A.

  |  2013-09-25

Unicredit Tiriac Bank and Romanian Commercial Bank granted first club factoring facility

Romanian Commercial Bank (BCR) and UniCredit Tiriac Bank granted first factoring facility type club in Romania

The facility in the amount of EUR 100 million in lei, was obtained by the company Sensiblu, part of the pharmaceutical group A & D Pharma, for collection in advance, based on a mechanism of factoring without recourse, of the claims of this company in relation to the National House Health Insurance and the County Health Insurance in Romania. UniCredit Tiriac Bank had acted as principal coordinator and agent of factoring financing.

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