Through this announcement, UNICREDIT BANK SA, joint-stock company registered according to Romanian legislation, with its registered office located in Bd Expozizionei no. 1F, Sector 1, Bucharest, Romania, registered at the Bucharest Trade Registry with no. [J1991007706408]unique registration code RO361536, EUID: ROONRC.J1991007706408, in the Bank Register under no. RB-PJR-40-011/18.02.1999, subscribed and paid-up capital 589,955,162.70 RON,
wishes to inform clients of natural persons who have contracted or will contract in the future mortgage/real estate investment loans offered by UniCredit Bank SA the fact that UniCredit Bank SA intends to launch a guaranteed bond issue program (hereinafter referred to as “program”) based on Law no. 233/2022 on guaranteed bonds, as well as for the amendment and completion of some normative acts in the financial field (hereinafter referred to as “Law 233/2022“).
In this sense, according to Law 233/2022, UniCredit Bank SA can include in the portfolio of receivables intended to guarantee mortgage bond issues (hereinafter referred to as “portfolio“) receivables from mortgage/real estate investment contracts.
Inclusion in the Portfolio by UniCredit Bank SA of receivables arising from credit agreements does not in any way affect the rights, obligations and commitments from the mortgage/real estate investment agreements, nor will they cause changes regarding the agreed contractual terms or guarantees related to the credit agreement. Therefore, all the provisions of the credit agreements (including those regarding interest, commitments, repayment on time or in advance, etc.) will remain unchanged.
The development and structure of the Program will follow exactly the workflows established by the applicable legal regulations, as well as the best practices in the field.
In order to include in the Portfolio the receivables arising from the credit contracts, according to Law 233/2022, it is necessary that the right of compensation of individual customers vis-à-vis UniCredit Bank SA be suspended for the duration of the registration of the respective receivables in the Portfolio. Set-off is a way of extinguishing debts between two people who owe each other, up to the competition of the lesser of them. We note that this right of compensation could only be applicable if, during the course of the credit agreement, mutual debts, determined and due, arise between the customer and the bank.
Based on Article 14 paragraph (1) letter (b) of Law 233/2022, we inform the previously mentioned clients that they have the right not to waive the right of compensation vis-à-vis UniCredit Bank SA during the period of inclusion of receivables in the Portfolio.
If the borrowers from the credit agreements wish to exercise the right not to waive compensation, they must send a written notification to the headquarters of any Unicredit Bank SA Branch within the term and according to the conditions mentioned in the correspondence addressed to customers in this regard and/or the legal provisions. The complete list of branches can be accessed on www.unicredit.ro, in the “Branch and ATM” section
If the notification from the customers is not received by the bank within the mentioned term, in accordance with the provisions of article 14 paragraph 1 letter (c) of the Law, the right of compensation in relation to the claims arising from the credit agreements is suspended.
We want to make sure that the information that is the subject of this announcement is clearly understood. Therefore, we ask customers to consult the answers to the most frequent questions related to this topic by accessing the “Useful Documents” section and then the “Q&A Obligations” file on the bank's website (www.unicredit.ro). At the same time, we invite customers to UniCredit Bank units to discuss any aspect related to this announcement.
The publication of this information does not represent and should not be interpreted as representing the approval of the covered bond program, a subscription offer, an invitation to invest or a guarantee that the covered bond program will be approved or that a covered bond issue will be made. Any issue of guaranteed bonds will only be possible after obtaining the applicable approvals, including the prior approval of the guaranteed bond program by the National Bank of Romania, and in compliance with the applicable documentation.
In the situation where the receivables will be included in the Portfolio, this will involve the processing of personal data. Thus, we inform our clients that their personal data mentioned in the relevant contract may be the subject of transmission to the entities and/or authorities mentioned in Law 233/2022 (such as, for example, agents, auditors), in order to fulfill their obligations in relation to the Portfolio, as provided by Law 233/2022, in compliance with all rights arising from the legal regulations and the internal normative framework regarding confidentiality. The third party recipients of the data will manage the data for the retention periods established according to the specifics of the activity, on a case-by-case basis. As data subjects, with regard to personal data, our customers benefit from the rights regulated by EU Regulation 2016/679, including the right to access data, the right to rectification, restriction or deletion, the right to oppose processing or the right to data portability, as well as the right to file a complaint with the supervisory authority.
