Article in press: Old traditions will help to find new markets

UniCredit Bank, the history of which goes back as far as the XV century, having recently opened its branch in Kaunas, is planning to increase the present loan portfolio several times already this year.

"Of course, prior to making a decision, we carefully analyse every project, appraise the potentials of its developers, their experience and possible risks should the situation on the market change",- explained Mindaugas Kyguolis, the Head of corporate sales team office in Kaunas.

The bank works with corporate customers and does not finance the so-called speculative transactions, when a land plot is purchased to change its purpose and to sell it for a better price in a while.

" We work only with professional real estate developers and finance commercial, industrial and residential objects construction and reconstruction works",- pointed out M.Kyguolis.

It has been promised to provide financing for development of production, purchase of shares or just in cases of current assets shortage for the companies of Kaunas, Marijampolė and Alytus Counties. The bank also plans to actively participate in tenders announced by municipal and state enterprises and organisations.

Besides, the business people in Kaunas region may expect the support from the bank with its branches in Vilnius and Klaipėda, when looking at foreign markets. Under a special program the bank customers are directly represented at the banks of the group operating in other countries. This includes easier account opening and easier financing of client's branch companies in other countries, also faster payment orders.

Bank provides an exceptional possibility to use periodical reports prepared by UniCredit Group, which includes not only analyse of certain economic region situation, but also professional analyse and forecast of separate branches of business.

UniCredit Bank can help Lithuanian businessmen to get reliable information about the Middle and East Europe markets and to enter them since a large network of own banks operates in this region. PEKAO and BPH in Poland, Bank Austria in Austria, International Moscow Bank in Moscow and Ukrsotsbank in Ukraine. All these are one UniCredit.