UniCredit completes first ever Romanian BPO

Italian global banking group UniCredit has completed the first bank payment obligation (BPO) transaction ever carried out in Romania, for the payment of a commercial operation between Romanian firm Adiss SE, which processes urban and industrial wastewater in Romania, and its supplier, German company Huber SE, a manufacturer for industrial facilities to treat water, wastewater and sludge.

It marks the latest of a series of landmark BPO deals in recent years. In October 2014, UniCredit completed the first BPO transaction ever in Germany, between a German and Japanese company. The transaction allowed RVT Rühr-und Verfahrenstechnik to increase sales volumes by selling insured receivables to UniCredit and providing Mitsui & Co Plant Systems with more attractive payment terms. In February 2015, UniCredit successfully completed Italy’s first BPO transaction between SPIG S.p.A., a producer of industrial cooling systems, and one of its German suppliers.