EIB grants EUR 25 mln to OTP Bank Romania for SMEs financing

The European Investment Bank (EIB) has granted a EUR 25 million financing line to OTP Bank Romania.

The lender will use the fresh funding to support small and medium-sized companies and public entities and to facilitate youth employment in all sectors.

OTP will grant loans to companies looking to finance new investments and working capital, and can be granted for a period of up to 10 years.

“EIB funds, intermediated through OTP Bank, a well-established EIB partner financing institution, will help to increase Romania’s competitivenessg. The loan is designed to support mainly SMEs, which form the backbone of the Romanian economy in terms of both employment and economic growth,” said the financial institution.

OTP Bank provides universal financial services in Hungary, Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia and Serbia for more than 13 million customers, through a regional network of over 1500 outlets, the ATM network and electronic channels.

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