CEC Bank financing District 5 of Bucharest with RON 477 million

Aurel Dragan 29/08/2018 | 09:55

CEC Bank and District 5 of Bucharest have signed a financing agreement worth around RON 477 million for the refinancing of older domestic loans for various local development projects.

The purpose of the current loan is to achieve savings by reducing financing costs and creating medium-term liquidity in order to implement new investment projects of District 5 of Bucharest.

“Through the assumed mission, CEC Bank defines itself as an active supporter of the local public administration. The financing granted to Bucharest Sector 5 demonstrates once again the involvement of the Bank in the life of local communities and in their efforts to modernize or develop new social projects, “said Radu Gratian Ghetea, president and CEO of CEC Bank.

BR Magazine | Latest Issue

Download PDF or read online: July 2023 Issue | Business Review Magazine

The July 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “At a Crossroads: Budget Deficit Endangering Romania’s Economic
Aurel Dragan | 31/07/2023 | 14:14

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu

    I agree with the storage and handling of my data by business-review.eu

    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue