Raiffeisen Group Romania applied for EUR 50 mln loan from EBI to finance SMEs

Raiffeisen’s bank and leasing units applied for two credit lines, worth EUR 50 million, from the European Investment Bank (EIB), to finance small and medium sized-enterprises (SMEs).

Raiffeisen Bank may receive up to EUR 35 million, while Raiffeisen Leasing IFN could get up to EUR 15 million. The credit lines, currenly under EIB appraisal, will be used to finance investments and leases of SMEs, but the bank will also seek to lend other companies and public sector authorities.

Ovidiu Posirca