European Investment Bank could grant EUR 250 mln financing to small, medium Romanian firms

The European Investment Bank (EIB) could offer EUR 200 to 250 million financings this year to local financial groups to support lending to small and medium enterprises (SMEs), according to EIB vice president Mihai Tanasescu.

“In the last two years we doubled our presence in the Romanian banking system for supporting small and medium enterprises,” Tanasescu said, on Thursday, June 12.

On the same day EIB announced a EUR 50 million loan to UniCredit Tiriac Leasing for SMEs lending.

The EIB will announce another financing agreement with a local bank, for EUR 60 million. “We are working with other banks as well and I can give Banca Transilvania as an example, with which we are close to finalizing negotiations for a substantial credit line,” he mentioned, according to Agerpres.

The EIB currently has an active EUR 7 billion exposure on Romania.

[email protected]


Want to be up to speed with what's happening in Romania? We'll send your first batch of news for the day directly to your inbox.

Subscribe to our mailing list