UniCredit Bank issues the first Bank Payment Obligation – BPO from Romania

UniCredit Bank issued the first Bank Payment Obligation – BPO on the Romanian market for the clearing operations between Adiss SE, one of the main local companies from the cities and industrial used waters clearing field, and its supplier, the German company Huber SE, one of the industrial installations producers for water clearing, used waters and mud.

„We are very proud to issue the first Bank Payment Obligation – BPO in Romania, because this thing underlines once more our position of leaders in digitalization in banking transactions. Via BPO, we can offer or customers companies a solution that combines the automatic processing of clearing operation with a careful cost management, immediate payments and financial options for seller, “ said Gianfranco Bisagni, vice- director Corporate & Investment Banking (CIB) within UniCredit.

„This Bank Payment Obligation is the first one ever closed by a bank from UniCredit group in Central and Eastern Europe. It is an important reference point for UniCredit, taking into account that we are interested in expanding the availability of the clearing operations for trade hat are trustworthy and efficient all over the Central and East-European region, “ said Enrico Minniti, head of Central & Eastern Europe Corporate & Investment Banking (CEE CIB) within UniCredit.

This is the most recent from a series of BPO transaction from the last years. In October 2014, UniCredit was the first bank that closed the first BPO transaction ever from Germany, between a German company and a Japanese one. The transaction allowed the RVT Rühr-und Verfahrenstechnik to enlarge the sales volume by claims sales ensured by UniCredit and the supply of more attractive payment conditions for Mitsui & Co Plant Systems.

Georgiana Bendre