EIB and three banks to provide EUR 246 mln financing for Romanian SMEs

Georgiana Bendre 17/05/2017 | 13:53

The European Commission salutes the signing of three agreements between the European Investments Bank (EIB) and Raffeisen Bank, Romanian Commercial Bank (BCR) and ProCredit Bank, which will invest EUR 246 million in Romanian SMEs.

Over 4,300 SMEs, micro-enterprises and start-ups from Romania will benefit from better access to financing within the agreements, meaning almost half of the total budget of EUR 540 million of the program Initiative for SMEs.

The commissioner for regional policy,  Corina Cretu, said: “I am glad to see that the initiative for SMEs helps the SMEs from Romania. SMEs play an important role in the Romanian and European economy and create work places in the local communities and introduce innovative products on the market. Through the decision of investing EUR 100 million from the cohesion policy budget in this pilot program, Romania made an intelligent choice, that will stimulate its economy’ competitiveness”.

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