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UniCredit donates €500,000 from Carta Etica to the Veneto region

Tuesday 28 Apr 2020

€500,000 donation to Veneto region is in addition to donations of €800,000 being made to various charitable organisations working on the front line of the emergency in seven major Italian regions

UniCredit remains fully committed to supporting Italy in the fight against Covid-19. To help manage the current emergency, the bank is donating €500,000 to the Veneto region. The donation will be an advance payment of the funds to be raised through the UniCredit Flexia Classic Etica card throughout 2020.

Luca Zaia, President of Region Veneto, said: “UniCredit has a consolidated tradition as a bank close to the territory and today’s donation of €500,000 is a further demonstration of this. With these funds, we will support the huge expenses needed to ensure prevention, safety and treatment related to the coronavirus spreading in the Veneto region.”

UniCredit Co-CEO for Italy Remo Taricani said: “Our Group continues to work hard to help our communities, territories and the economy get through this very challenging time. Given the urgency of the situation, we have decided to advance a €500,000 donation to the Veneto region from the funds being raised through Carta Etica card over the course of 2020. If we exceed this amount in the coming months, thanks to the generosity of our customers, we will look to add to this donation.”

UniCredit has around 300 branches and approximately 4,300 employees in the Veneto region. It has also acted as the region’s treasury for more than 10 years. Thanks to the funds raised through UniCredit Flexia Classic Etica card, the bank has already made donations to the Italian Red Cross in Padua, Treviso, Verona and Venice and to Croce Bianca in Verona, donating close to €80,000 for the purchase of masks and other medical equipment to help in the fight against the coronavirus.

The funds collected through Carta Etica in 2019, totalling €800,000, are all being donated to non-profit organisations working to manage the current emergency in the seven major Italian regions where UniCredit operates.

UniCredit Flexia Classic Etica card is a credit card that lets customers contribute to charitable projects every time they use it, at no added cost. For every €1,000 spent, the bank contributes €2 to its Carta Etica fund. Since 2005, UniCredit customers who use Carta Etica have helped support more than 750 projects and initiatives with around €19 million. The funds raised through Carta Etica help to address some of the most urgent problems in Italian society.

"With these funds, we will support the huge expenses needed to ensure prevention, safety and treatment related to the coronavirus spreading in the Veneto region" Luca Zaia, President of Region Veneto