UniCredit pledges 600 mln euros in loans for Italian farmers
MILAN Feb 7 (Reuters) - Italy's UniCredit said on Friday it would lend up to 600 million euros ($817 million) to agricultural companies in the country to boost investments in a sector that generates 35 billion euros of exports each year.
The loans will have a six-year duration, the lender said in a statement. The Gestione Fondi per l'Agroalimentare, a public authority that supports funding for farmers, will cover potential losses for up to 5 percent of the total lent, it added.
($1 = 0.7343 euros) (Reporting by Francesca Landini; Editing by Elaine Hardcastle)
- Investigators look for motive in Malaysia plane disappearance |
- Malaysian PM says lost airliner was diverted deliberately |
- Police make third arrest in murder of Colorado socialite
- Democrats seek ways to limit Obamacare fallout after Florida defeat
- Indian Ocean poses daunting challenge in search for missing Malaysia plane