MILAN, June 6 (Reuters) – Italy’s UniCredit (CRDI.MI) is providing households and corporations in its home market some wiggle room on mortgages and new loans to assist them deal with the consequences of rising rates of interest and excessive inflation, it stated on Tuesday.
Italy’s second largest financial institution has earmarked 4 billion euros ($4.3 billion) for retail and enterprise prospects who need to reschedule mortgages, divide purchases into instalments or apply for a private mortgage after the beginning of a kid.
It stated it might present 6 billion euros in new financing to assist companies in particular sectors together with tourism and manufacturing.
($1 = 0.9356 euros)
Reporting by Francesca Landini
Modifying by Keith Weir
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