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May 30, 2022 View:

Barolo and Barbaresco appellation associations sign credit agreement with Italian bank UniCredit

Recently, the Consorzio di tutela Barolo Barbaresco Alba Langhe e Dogliani (Barolo and Barbaresco Appellation Association) signed a new credit agreement with UniCredit.

Image courtesy of: ItalianWine.com

Under the agreement, Yushin Bank will provide a 36-month loan to wineries in the Barolo appellation, with no fees for early repayment.

In addition, UBS has provided another loan of 10,000 euros for 84 months. This initiative will help the wineries in the appellation to manage their inventories smoothly and sell the 2016 and 2017 vintages of Barolo in a reasonable manner.