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UniCredit Bank: Faster Payments for Its suppliers

D&T
April 17, 2020

The stability of customers and suppliers is important for UniCredit Bank Hungary Co. Ltd. – as are liquidity-maintaining payments in economic life, a statement by the company says.

With this in mind, UniCredit Bank supports its domestic suppliers by speeding up the payment of their invoices by settling them immediately after the usual checks. This significantly speeds up the invoice payment process and ensures that payments are made earlier than the 30 days deadline specified in the contracts. The acceleration of payments introduced by both UniCredit Bank and the UniCredit Group will further support businesses in their working capital management.

“We believe that this decision will have a direct impact on thousands of suppliers of our bank and the entire UniCredit Group. By bringing payments forward, we are increasing liquidity in the real economy at a time when it really matters. As always, we strive to be reliable partners for our suppliers and encourage them to do the same among their own suppliers,” according to Balázs Tóth, President and CEO of UniCredit Bank Hungary Co. Ltd.

UniCredit Bank will continue to monitor the situation and always acts in the best interests of those involved in its operation, the statement adds.

D&T

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