Bancpost and EximBank have concluded a new partnership to support local entrepreneurship, allowing companies an easier access to financing instruments for their current activity, as well as the achievement of investment projects. By signing the SMEs Securing Ceiling Agreement, a large number of SMEs that don’t have enough assets to cover the guarantees, can benefit from the Bancpost lending solutions. The guarantee ceiling made available to Bancpost amounts to RON 20 million and is dedicated to securing loans in RON granted by the bank to its clients.
Clients can benefit from individual guarantees worth maximum RON 1.5 million. For investment projects, the individual guarantee can cover up to 80 percent of the principal value. To support the current activity, clients can access guarantees of up to 70 percent of the credit line value, facility which can be annually renewed.
“We know that one of the main concerns of entrepreneurs related to the financing needs for their business is to identify eligible guarantees for the bank. The natural consequence is this partnership between Bancpost and EximBank, which opens new opportunities for entrepreneurs which can get, at the right moment, the amounts they need to accomplish their investment plans or to finance their current activity. Worth mentioning is the state initiative to involve two big players on counter guarantees market for loans granted to SME clients in a market context in which it is so important to finance this sector,” said Dragos Calin, executive manager, Bancpost.
“We also intend to replicate this with other commercial banks, to the net benefit of entrepreneurs”, said Traian Halalai, executive president of EximBank.