Romanian Banca Transilvania gives EUR 11 mln loans under JEREMIE

banca transilvania

Romanian lender Banca Transilvania lent EUR 11 million this year to small and medium enterprises via the Joint European Resources for Micro to Medium Enterprises (JEREMIE) initiative.

Of the total amount, EUR 9 million were destined for investments, while the rest of EUR 2 million for working capital and business expansion, reports local The partnership between Banca Transilvania and the European Investment Fund (EIF), under the JEREMIE initiative, was announced in the beginning of this year.

The average value of a loan granted to SMEs by Banca Transilvania was of EUR 230,000, and 45 SMEs already benefitted from JEREMIE-backed loans.

Irina Popescu, [email protected]

Romania Insider
Free Newsletters

Be up to speed with what’s happening in Romania! Choose from our 7 newsletters, covering the entire array of business, social, politics, and entertainment news

Subscribe now